Cboe, one of the world’s largest exchange holding companies, announced on Monday that it plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, at the start of Global Trading Hours. Monday, December 11, will be the first full day of trading, and trading will be free through December, according to Cboe's press release.
Given the unprecedented interest in Bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the Bitcoin market. To promote this, we will initially offer XBT futures trading for free.
The chairman and CEO of Cboe Global Markets
Cboe’s bitcoin futures will trade on CFE under the ticker symbol ‘XBT.’ XBTSM futures are cash-settled contracts based on Gemini’s auction price for bitcoin, denominated in U.S. dollars. XBT futures are specifically designed to allow participants to implement straightforward trading strategies, through settlement to a single, tradeable auction price.