CBOE will launch FTSE BitCoin Index Futures 28. April

CBOE Global Markets plans to roll the new BitCoin Futures product this month, under the condition of regulatory approval.

In Apr. 7 press editionThe exchange network, said the new futures agreement, called CBOE FTSE BITCOIN (Btc) Futures index, it was set to start trading on 28. April. The FTSE Bitcoin index will serve as a basis for the future in the Cash settlement, which will be reduced to a tenth of its value.

The product will trade under KBTF Ticker and settle for the last business day every month. Its goal is to allow merchandise to the merchants of their exposure to Bitcoin without having to keep real property. CBE says that the new FTSE Bitcoin Index Futures complements that the recently launched options related to Bitcoin Stock funds.

Together, these products aim to provide investors a wider set of tools for protection or construction strategies associated with the crypt. Catherine Clay’s global head of Catherine Clay welcomed launches as a useful addition to their Bitcoin product ecosystem. She emphasized that traders will provide even more tools for navigating digital property ecosystems.

“This launch comes at the first time when the demand for CRIPTO exposure is still growing, and market participants are increasingly looking for capital and versatile ways to obtain and manage it exposure.”

Catherine Glai, Global Head of CBOE derivatives

The index used for the new Futures Product developed FTSE Russell in partnership with digital research. It is designed to monitor the price of bitcoin using strict standards for which exchanges and data sources are involved, helping that index reflects the investment market.

This move aligns with the growing commitment of CBOE for digital assets products, including list Places Bitcoin and Etherema (El) ETFS and recent launch options Index BitCoin ETF in standard and mini sizes. CBOE saw minute-stall March, registration of the largest volume ever with the average of the contract of 18.8 million options traded daily to contracts on options.

In addition, its S & P 500 contracts and owner index options reached a new monthly average daily representative of 3.9 million contracts. CBE also set a one-day record of 4.8 million contracts at 10. Marta.