Bitcoin Futures Contract Set by Cboe Will end in April

The US futures exchange Cboe, which support Bitcoin futures contracts announced that the expiry date will end in April.

Cboe Global Markets (Cboe), the futures exchange that launched Bitcoin futures trading in December 2017, conducted the settlement of the Cboe Bitcoin (XBT) futures contract with April expiry, which is the fourth contract settlement carried out since its introduction.

The price of settlement was displayed with Gemini1 Exchange at the price of $8,000. Bitcoin’s price was $7,900 on CoinMarketCap.

Bitcoin futures contracts allow investors to develop strategies based on a single auction price provided by Gemini exchange. For comparison, the Chicago Mercantile Exchange (CME), which launched Bitcoin futures products during the same period, depends on the so-called Bitcoin Reference Rate.

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The futures can be described as a type of investment asset, that doesn’t imply ownership of Bitcoin but focuses on its price, using the cryptocurrency as an underlying asset. The time of launch was December 10, 2017. As of April 18, over 557,000 Bitcoin futures contracts have been traded across expiries since the day of launch, which equals a notional value of about $5.7 billion.

The Bitcoin futures of Cboe are exclusively trading on its platform. However, investors can admittance the instruments via other online platforms, among them eTrade, TD Ameritrade, InteractiveBrokers, TradeStation, Wedbush Futures, PhillipCapital, Advantage Futures, and RJO Futures.

The previous settlement’s price was $8,200 on March 15. The next one is scheduled for May 16, 2018.


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