CME and CBOE closes Bitcoin Futures July session

Trading platforms announce the July session closure with CME on July 27 and CBOE on July 18
21 June 2018   687

CME Group is closing Bitcoin Futures July contracts (BTCN18) on July 27. Settlement date is set on August 1. At the moment of publication July contracts trade indicators are as follows:

Last trade price 6755
Price change +10
Total number of traded contracts 70

 

Cboe is finalizing its July contacts (XBT/N8) on July 18. The contracts trade parameters at the moment of publication are as follows:

Last trade price 6775
Price change +17.50
Total number of traded contracts 221

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.