XBT-Cboe Bitcoin Futures


Cboe XBT Bitcoin Futures Trading Data

Symbol Expiration Last Change High Low Settlement Volume
GXBT - 17680.00 +1041.02 17919.99 17455.01 - -
XBT/F8 01/17/2018 18090.00 +1290.00 18600.00 16760.00 18105.00 1515
(DELAYED 10 MINUTES)

The First U.S. Bitcoin Futures

Bitcoin futures are now available for trading on the Cboe Futures Exchange, LLC (CFE). CFE launched trading in Cboe bitcoin futures on December 10 under the ticker symbol "XBT" (contract specifications | fact sheet.) This brings many benefits to traders, including transparency, efficient price discovery, deep liquidity and centralized clearing. XBTSM futures provides a centralized marketplace for participants to trade based on their view of bitcoin prices, gain exposure to bitcoin prices or hedge their existing bitcoin positions.

CFE is waiving all of its transaction fees for XBT futures in December 2017. For more information on pricing, visit the CFE Fee Schedule page.

XBT futures are cash-settled contracts based on the Gemini's auction price for bitcoin, denominated in U.S. dollars. Gemini Trust Company, LLC (Gemini) is a digital asset exchange and custodian founded in 2014 that allows customers to buy, sell, and store digital assets such as bitcoin, and is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.

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XBT Newsletter

What Do Bitcoin Futures Do?

Trade Based on Your Outlook or Hedge Your Bitcoin Risk

XBT futures provides a way for you to buy and sell bitcoin futures in a highly regulated marketplace nearly 24 hours a day, five days per week. This gives you the flexibility to invest and divest at the optimal time for your specific trading strategy.

Get Exposure to Bitcoin Price Moves without Holding Bitcoins

XBT futures provides investors with the opportunity to buy, sell and trade bitcoin futures or implement your trading strategies without having to pay for the actual currency.

Why Trade XBT Futures

Settle to a Single Auction Price

XBT futures is a cash-settled contract that settles to a single, tradeable auction price. In designing XBT futures, Cboe leveraged its significant product development expertise to design an instrument that allows participants to implement trading strategies in a manner to which they are accustomed. The single price settlement process gives participants the option of using XBT futures to hedge their exposure in underlying bitcoin or gain exposure to traded bitcoin prices without holding bitcoin.

How Can I Trade XBT Futures on Cboe Futures Exchange?

Bitcoin futures based on the Gemini auction prices are traded exclusively at Cboe Futures Exchange. The brokers below are confirmed to offer trading in XBT futures. Contact your brokerage firm to find out how to trade XBT futures at Cboe Futures Exchange.

Unlike security options, CFE futures contracts (other than security futures) cannot be held in a securities account and are required to be held in a futures account. CFE security futures contracts may be held in either a futures account or a securities account. In order to assist those customers that wish to consider a Futures Commission Merchant (FCM), Introducing Broker (IB), or clearing firm in order to trade CFE futures contracts, we have assembled the following list of FCMs, IBs, and clearing firms offering CFE futures products.

It is not an endorsement of the firms listed, and no significance should be attached to a firm's inclusion or omission. CFE has not investigated the background or disciplinary history of any of the firms listed or of any individual broker in connection with providing this list. The selection of an FCM, broker, or clearing firm involves matters of personal preference. In choosing a firm, an investor should ask questions and take into account such factors as the investor individually regards as important.

This list may not be exhaustive since the list only includes those firms that have requested to be included on the list. Any CFE Trading Privilege Holder that is an FCM, IB, or Clearing Member and that would like to be included in this list should contact Jay Caauwe at caauwe@cboe.com.

                    


                    

The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-Cboe advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.


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