CNBC.com video above published Dec 5, 2017: CNBC's Bob Pisani discusses with Edward Tilly, Cboe CEO, the first bitcoin futures market opening at the Cboe.
Trading will begin at 5pm CST in Chicago (11pm GMT) on Sunday, December 10, with Monday representing the first full trading day. Cboe said trading will be free through December — a move likely aimed at drumming up interest ahead of the launch of bitcoin futures on December 18 by rival CME Group.
UPDATE Dec 10: Bitcoin Futures $XBT Start Trading Sunday, 6pm ET, on Cboe's CFE (video).
On Friday, December 1, Cboe announced that CFE had filed a product certification with the Commodity Futures Trading Commission (CFTC) to offer bitcoin futures trading. More information on XBT futures is available at www.cboe.com/xbt. Over the last five years, the total value of all bitcoin outstanding (i.e., “market capitalization”) has grown from less than $1 billion to over $183 billion with daily notional turnover over $10 billion. The total value of all cryptocurrency tokens outstanding is now approximately $332 billion.
A Look at Cboe Bitcoin (USD) Contract Specs | cboe.com: "... Trading hours run from Sunday night at 5:00 pm to Friday afternoon at 3:15 pm. Specifically, the extended trading hours (ETH) session starts Sunday at 5:00 pm and ends Monday at 8:30 am with the ETH sessions for the rest of the week (Tuesday – Friday) consisting of opening at 3:30 pm the day before and ending at 8:30 am. Regular trading hours are Monday – Friday from 8:30 am to 3:15 pm, just like the VIX futures. All these time periods are Chicago time ..." (read more at link above)
Cboe Global Markets Inc. (NASDAQ: CBOE) (domain: cboe.com) trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading. The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador. More info: Cboe | Cboe Options Exchange | cboe.com and the Cboe press release (pdf).
Tyler Winklevoss, Chief Executive Officer of Gemini, said: “Developing a regulated derivatives market is the next logical and crucial step towards advancing the broader digital asset market. We have been working for years to build infrastructure to grow the digital asset market and today’s news marks a significant milestone.” Gemini – The Next Generation Digital Asset Exchange | gemini.com.
Coinbase VP Says Bitcoin Volatility Will Be Short-LivedCboe Futures Exchange plans to offer trading in bitcoin futures beginning at 5 p.m. CT on Dec. 10 at the start of Global Trading Hours. See the press release, https://t.co/dNPUXcZgzv #bitcoin $XBT pic.twitter.com/ciexv3OVoI— Cboe (@CBOE) December 4, 2017
Bloomberg.com video above published Nov 28, 2017: Adam White, Coinbase Inc. vice president, discusses the surge in bitcoin with Bloomberg's Emily Chang on "Bloomberg Technology."
Caveat Emptor: According To Alan Greenspan, Bitcoin Is 'Not A Rational Currency' | CNBC.com | YouTube.com: "Former Federal Reserve Chairman Alan Greenspan compares bitcoin to gambling in Las Vegas." See also: Bitcoin to start futures trading, stoking Wild West worries | reuters.com.
How Citron's Andrew Left Is Playing Bitcoin
Bloomberg.com video above published Dec 5, 2017: Andrew Left, Citron Research (domain: citronresearch.com) founder, discusses the outlook for bitcoin with Bloomberg’s Julia Chatterley on "Bloomberg Markets."
Supply inelasticity explains in part why bitcoin is so volatile, writes Erik Norland: https://t.co/WcztVd1p5h pic.twitter.com/n7OIMk5TAO— CMEGroup (@CMEGroup) December 4, 2017
Final caveat: Open letter to CFTC Chairman Giancarlo re: listing of cryptocurrency derivatives (embed below):
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