"Given the unprecedented interest in Bitcoin , it is vital to provide customers with the tools they need to negotiate and hedge their exposure," said CBOE President Ed Tilly after the announcement. Bitcoin futures will be traded under the symbol "XBT" and the service will initially be for free. Rumors surfaced that the exchange could launch, in addition to Bitcoin , future contracts of Bitcoin Cash and Ether.
According to the http://ir.cboe.com/~/media/Files/C/CBOE-IR-V2/press-release/2017/cboe-plans-december-10-launch-of-bitcoin-futures- trading.pdf sent by the CBOE , the contracts will be settled based on the quotes provided by the brokerage of Bitcoins Gemini, whose owners are the twins Cameron and Tyler Winklevoss, who become the first billionaires of Bitcoin
"We have been working for years to build the infrastructure needed to expand the market, and today's news is a significant milestone," said Tyler Winklevoss, CEO of Gemini. "Developing a regulated derivatives market is the next step in the Cryptomannan market.
Last Friday, the Chicago stock exchange confirmed it will begin asset trading on December 18, ratifying last month's rumors. "We are happy to bring Bitcoin's contracts after much work together with the CFTC and market participants to design a regulated offering that will provide investors with transparency," said Terry Duffy, CEO of .
Where is the Exchange, the dollar and Bitcoin going in 2018?
Along the same lines, rumors are growing that the Nasdaq will also launch future contracts for the cryptomoeda in the first half of next year, as it has been granted by the regulatory body. With the launch of these assets, the market should change dramatically, gaining a lot of strength as it gives even more security to those who want to invest in Bitcoin , which automatically raises demand for the digital currency.