CBOE said it will include bitcoin cash in its futures market

nBuzz comments: The U.S. Commodity Futures Trading Commission (CFTC) has issued a statement announcing the self-certification of bitcoin futures products from CME, CBOE and Cantor Exchange, indicating that the distribution of these products was licensed. To stand out from these similar projects, CBOE said it plans to include more cryptocurrencies, such as bitcoin cash and ether, into future futures markets. All in all, this means that cryptocurrency markets in the future will be even more worth the wait.n
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CBOE may include bitcoin cashn
The U.S. Commodity Futures Trading Commission issued an important statement on December 1 stating: “Today, the Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange (CFE) completed their bitcoin futures products New contract self-certification. “n
At the financial level, this means that traditional institutions have been allowed to enter the cryptocurrency ecosystem.n
The statement cited the words of the CFTC to show the public the responsibility of regulators:n
n”Bitcoin is a virtual currency that is different from what the Commission has dealt with in the past, and we have therefore extensively discussed the contractual products and exchanges.”n
nFor the CBOE, this may be a welcome good news. From the media’s point of view, CBOE seems to outweigh the advantages of the CME, which has a clear date of issue, and the NASDAQ, which plans to launch similar products by mid-2018.n
According to Business Insider reporter Frank Chaparro, CBOE seems likely to want to increase its competitiveness by attracting more than one cryptocurrency. Chris Concannon, CBOE president, explains:n
n”We think more crypto-currency products, futures including both ether and bitcoin cash, may come as the market continues to mature.”n
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CBOE’s competitive advantagen
CBOE has an inherent advantage over CME in that it incorporates Bats Global Markets, the first company to try to mainstream crypto-currencies as an ETF, if its forward-looking thinking about crypto currency futures Eventually dismissed by the SEC.n
Concannon told Business Insider:n
n”I welcome the CME Terry Duffy also joined us .This product will become the major asset class in the next 10 years, it is only the beginning.We started this way in the form of ETFs.Healthy markets include Healthy underlying markets, derivatives markets and ETFs. “It takes time.”n
nCBOE also made its own statement in December, stating that “CBOE Futures Exchange (CFE) has submitted a product certification to the CFTC to provide Bitcoin futures trading” and said it will announce the product soon Launch time.n
CBOE gives specific instructions, each contract value “equal to one bitcoin.” “The size of a contract is equivalent to a bitcoin and can easily be linked to bitcoin.”n
CBOE also pointed out:n
n”The contract multiplier is 1, so if the contract is traded on an equal basis with Bitcoin, then at the current price, a contract is valued at $ 9,000. The minimum change in a directional spread is 10 or 10, while a spread The smallest change in the price is much smaller, 0.01 bitcoin or 0.01 US dollars. “n

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