Chicago Board Options Exchange to Open Bitcoin Futures on December 10
Bitcoin futures operations by the Chicago Board Options Exchange or CBOE, will start next Monday, December 10, a week before the CME Group.
The value of Bitcoin could skyrocket in the coming days and the CME Group has been joined by the Chicago Board Options Exchange (CBOE), which has said that on December 10, it will start the Bitcoin futures. The statement, released today, states that trading on BTC futures will begin at 5pm CT and that the first full day of trading will begin on Monday, December 10. This could catapult the value of Bitcoin to new all-time highs.
This security will operate within the CBOE Futures Exchange (CFE) and will operate under the name of 'XBT', in addition, they have announced that negotiations with Bitcoin futures will be free until the end of December. It should be noted that this will be a kind of litmus test, as the CME Group is expected to start trading BTC futures on December 18. In this regard, the President and CEO of CBOE, Ed Tilly, said in the statement:
“Given the unprecedented interest in Bitcoin, it is vital that we provide clients with the trading tools to help them express their views and hedge their exposure. We are committed to fostering fairness and liquidity in the BTC market. To promote this, we will initially offer free-trading XBT futures.”
The confirmation comes after the first data from the CME Group a few months ago, regarding launching BTC futures. CBOE, in August, was trading with Gemini, a New York company that is dedicated to the exchange of Bitcoin and is led by investment experts Cameron and Tyler Winklevoss. We will see how much the BTC scales, because we are still surprised and we see it $ 15.000 or more, since it currently seems stabilized above $ 11.000.
