$XBT Debut--bitcoin futures begin trading, Sunday, December 10, 2017, 5pm CT (6pm ET) in Chicago on the Cboe Futures Exchange (CFE)--Cboe Global Markets (cboe.com) video above published Dec 8, 2017. See also: Cboe Launches Bitcoin Futures Trading in Chicago On Sunday (video) | DomainMondo.com.
After bitcoin’s wild week, traders brace for futures launch on Sunday--reuters.com--interactive graphic on bitcoin's blistering ascent click here.
UPDATE Dec 11, 2017, via @nntaleb:
Bitcoin: my answer to the repeated questions.— NassimNicholasTaleb (@nntaleb) December 9, 2017
No, there is NO way to properly short the bitcoin "bubble". Any strategy that doesn't entail options is nonergodic (subjected to blowup). Just as one couldn't rule out 5K, then 10K, one can't rule out 100K.
Gabish?
Very big point. Futures that don't have deliverables require a very, very deep market. Otherwise someone long the future can push prices higher at settlement time with impunity, by "locking" profits (never having to resell a deliverable). https://t.co/k1EbT2I7nv— NassimNicholasTaleb (@nntaleb) December 10, 2017
Bitcoin Futures Are On The Way: Here's What To Expect | CNBC.comShorting a future creates an unbounded liability: you are responsible for all your personal assets.— NassimNicholasTaleb (@nntaleb) December 11, 2017
Unlike futures, options have natural sellers: covered calls (hence spreadable into synthetic puts), & they should have been introduced AT THE SAME TIME as the future.
CNBC.com video above published Dec 8, 2017: CNBC's Bob Pisani explains what bitcoin futures market means for trading, regulation, liquidity, price and volatility.
Cboe Futures Exchange (CFE®) (domain: cfe.cboe.com) is the "home of volatility futures, featuring futures on the Cboe® Volatility Index (VIX®). CFE is owned by Cboe Global Markets and trades on CFE are cleared by The Options Clearing Corporation (OCC). CFE is an all-electronic, open access market model with dedicated market makers and market participants providing liquidity." See also XBT-Planned Cboe Bitcoin Futures | cfe.cboe.com and Bitcoin | Cboe Blogs | Cboe.com.
XBT-Planned Cboe Bitcoin Futures | cfe.cboe.com: "Why Trade XBT Futures - Settle to a Single Auction Price - XBT futures is a cash-settled contract that settles to a single, tradeable auction price. In designing XBT futures, Cboe leveraged its significant product development expertise to design an instrument that allows participants to implement trading strategies in a manner to which they are accustomed. The single price settlement process gives participants the option of using XBT futures to hedge their exposure in underlying bitcoin or gain exposure to traded bitcoin prices without holding bitcoin. How Can I Trade XBT Futures on Cboe Futures Exchange? Bitcoin futures based on the Gemini auction prices will be traded exclusively at Cboe Futures Exchange. Contact your brokerage firm to find out how to trade XBT futures at Cboe Futures Exchange."
See also:
- Bitcoin's Futures Are All Mapped Out | Bloomberg.com
- "The launch of liquid futures exchanges increases the likelihood of a bitcoin ETF being approved by the SEC in the near future. That would bring a lot of money into an already crowded space."--CoinDesk.com
- Bitcoin: What The Heck Is Going On? | Winklevoss Bitcoin Trust ETF (Pending:COIN) | SeekingAlpha.com
"The futures market for gold is almost 10x the size (measuring the underlying asset of the contracts) of the physical gold market ... [like gold futures] both the CME and the CBOE bitcoin futures settle in cash, not in actual bitcoin ... So, it’s likely that the bitcoin futures market will end up being even larger than the actual bitcoin market .... I’m concerned that institutional investors that would have purchased bitcoin for its potential gains will now just head to the futures market. Cleaner, cheaper, safer and more regulated. What worries me even more is the possibility that the institutional funds that have already bought bitcoin (and pushed the price up to current levels) will decide that the official futures market is safer. And they will sell ..."--The Threat of Bitcoin Futures | CoinDesk.com.
@CBOE
Due to heavy traffic on our website, visitors to https://t.co/jb3O722hoo may find that it is performing slower than usual and may at times be temporarily unavailable. All trading systems are operating normally.— Cboe (@CBOE) December 10, 2017
You can find the delayed futures quotes starting Sunday night at https://t.co/whWsSwa2Pn #Bitcoin $XBT @Cboe pic.twitter.com/sRfKGqF8u4— Russell Rhoads (@RussellRhoads) December 9, 2017
$XBTBitcoin Futures launch this Sunday, $INTC heavy volume in upside callshttps://t.co/aRZjnHpXPH @jonnajarian— Cboe (@CBOE) December 8, 2017
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