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  Fresh wind for Bitcoin futures | BTC-ECHO | Bit Updates
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Fresh wind for Bitcoin futures | BTC-ECHO

Wednesday, November 22nd, 2017 | bitcoin updates

With the latest events, there is a fresh wind in the American stock market city of Chicago about the still unborn crypto-futures. For example, the Chicago Board Options Exchange (CBOE) option book publishes technical details on its planned Bitcoin futures for the first time last week. The CME Group also confirms the introduction of its December futures. This will probably make reality for crypto investors at the end of the year out of Vision. The fog surrounding the new business of crypto derivatives is increasingly coming to light with the news of the American options exchanges of the past few days. Both the CBOE option exchange and its competitor CME Group, which also originates from the "Windy City", are waiting with innovations concerning the planned Bitcoin derivatives. Thus, the new investment model of the still-phony Bitcoin contracts is slowly getting a face. First, the background: Both exchanges had announced the introduction of so-called Bitcoin futures. As such, exchange-traded futures are referred to. They require the buyer to deliver or buy a certain amount of Bitcoin at a specific future time at a specified price or exchange rate. Futures are considered to be highly risky on the stock market, because they allow large profits in no time, but at the same time enormous losses. As reported by CBOE on its website last week, the first technical details of its bitcoin derivatives, which have been planned since August, have been fixed , For example, the contracts will in future be listed under the symbol XBT. In addition, corresponding futures should be concluded with weekly contract periods as well as for several weeks and entire quarters. For example, the now published factsheet already answers many questions regarding future contract options, but at this point basic details remain open. Thus, neither the actual implementation date nor the pricing of the futures are fixed at this time. In this context, the stock exchange advises customers of premature speculation in the past week. As Russel Rhoads of CBOE writes: "The question I'm constantly hearing is how futures prices will relate to bitcoin prices." The best and most sincere answer is "I do not know", and points to the future market situation for the still uncertain start of futures transactions. CME Group makes serious while it is still waiting for the blessing of the competent US derivatives regulator CFTC the competition already the knives. After the CME Group announced at the end of October to expand its business to the crypto sector and CME CEO Terry Duffy had already pledged investments for mid-December, the website of the world's largest options exchange attracted a fixed date this week. So it was said for a short time, the corresponding futures would be possible from 11 December. However, later this message was deleted again. As reported by Reuters, according to CME, this would have been a mistake. Instead, on the website of the stock exchange, it states instead: "Subject to all regulatory redemptions, please note that CME will offer [englisch: Effective Q4 2017] Bitcoin futures in the fourth quarter of 2017." Although the current day's date is lost, the company is still giving up Introduction of corresponding forward contracts for the current year. If there are no regulatory hurdles, investors can expect to see the launch in mid-December. "Crypto-Futures" Made in the UK? "At the end of the year, a chain reaction should set in motion, the Westwind from Chicago also contributes the business model European latitudes. The managing director of British hedge fund Man Group Luke Ellis had also announced that he would also venture into new territory for the crypto derivatives. If the CME Group extends its business to Bitcoin futures, the British pedant will soon follow him, according to Ellis .BTC-ECHOAbout David Barkhausen As a freelance journalist, David Barkhausen has written and published his own blog for several daily newspapers, radio, television and incidentally. Since 2017, the Master of Political Science of the University of Heidelberg has been dedicated to the topic of Blockchain. In this context, he focuses primarily on the areas of regulation, society and economic policy. All contributions by David Barkhausen Bilddellenshutterstock_3195036: https://www.shutterstock.com/en/image-photo/cboe-pits-3195036?src=ceTcSZ7fms1wClsxK7O4VQ-1 -0


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