CBOE announced that it will launch a week ahead of bitcoin futures
According to Cboe official website announcement, the bitcoin exchange futures “XBT” will be held at the central United States in December 10th five time in Cboe’s CFE futures officially listed for trading, and exemption from all relevant futures transaction fees before the end of the year.
The Commodity Futures Trading Commission (CFTC) just after the December 1st review, allowing bitcoin futures on the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (Cboe) trading, two in the launch of bitcoin futures on the runway began infighting.
CME early in October this year on the official website released the “notice”, and in 1, CFTC announced a regulatory decision soon after announced the launch of bitcoin futures trading in December 18th; while Cboe’s attitude is “the product is still in trial, will soon give you a satisfactory answer”.
Indeed, today (December 5th) Cboe “standard product” is a veil, and the launch date more than a week earlier than CME! According to Cboe official website announcement, the exchange bitcoin Futures (code “XBT”) will be held at the central United States in December 10th five time point in Cboe’s Futures Exchange (CFE) officially listed for trading.
Source: Cboe official website
The transaction fee waiver Cboe expected before the end of the year in the bitcoin futures on the runway “false start force”
CboeGlobalMarket chairman CEOEdTilly said in a statement
Taking into account the hitherto unknown investors bitcoin interest, trading tools to help customers to express their views and to hedge their positions have become crucial. We are committed to promoting fairness and bitcoin market liquidity, so we will launch in XBT futures is exempted from transaction fees.
In December this year, all XBT futures trading fee waiver.
In addition to Cboe and CME, according to the Reuters because of sources, the NASDAQ also plans to enter the bitcoin futures market, plan early next year in the two quarter of NASDAQ’s futures market launch of the product NFX. Obviously, Cboe wants to quickly occupy the leading position in the bitcoin futures of the “blue ocean”.
The core of infighting: competition for bitcoin pricing?
In the earlier editor featured article “two weeks bitcoin futures will incoming opportunity to make big money here? “Mentioned in the” Regulations “, CME futures contracts according to the pricing benchmark for CME with bitcoin reference rate (BRR:BitcoinReferenceRate), in the hope that the impact of the price of bitcoin for futures trading, and then through the traditional financial trading systems for bitcoin pricing.
This BRR is how come? The reference price is the weighted average price from several bitcoin exchange price calculations, these exchanges currently include: Bitstamp, GDAX, itBit and Kraken, but is not currently the world’s largest stock exchange including liquidity best Bitfinex price.
The launch of the Cboe XBT futures is similarly, according to the official Cboe statement, bitcoin price referenced by the XBT will be called digital asset exchange GeminiTrustCompany to an auction price as a benchmark, and a lot of digital currency industry media selectively ignore the Cboe this is not “mainstream” choice.