CME bitcoin futures launch in December 11 cancelled

CME Group Inc announced that a notice on its website, stating the contract would begin trading on December 11 was posted in error
21 November 2017   1882

Recently, CME said the CME Bitcoin Futures contract would become effective on Dec. 10, a Sunday, for trading on Dec. 11, pending regulatory review.

But a little later the notice was removed from CME’s website and Laurie Bischel, a spokeswoman for the exchange operator, said the original posting “was due to an error with the website,” without giving further details.

Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch bitcoin futures.

 

Current CME statement

Each contract will constitute 5 BTC trading on both the CME Globex and CME ClearPort systems and using CME's existing bitcoin price indices. According to the company, spot position limits are set at 1,000 contracts,

For the contracts, CME explained, minimum price fluctuations (or "ticks") are pegged at $5 per bitcoin, representing a total of $25 for each one.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.