- The Chicago Board Options Exchange, the largest U.S. options exchange, is planning to launch its own bitcoin derivatives trading products by early next year.
- Pending review from the U.S. Commodity Futures Trading Commission, the CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, according to a Tuesday announcement.
- The CFTC told CNBC in a statement that, “to date, the Commission has not received a filing for a bitcoin futures contract from the CFE.”
- Designated contract markets like CFE do not necessarily need prior approval from the CFTC in order to list a product for trading, according to the commission’s website.
- The news was part of a bigger announcement Tuesday that CBOE Holdings and Gemini Trust, the digital currency exchange founded by brothers Cameron and Tyler Winklevoss, have entered a multiyear exclusive global licensing agreement allowing CBOE and its affiliates to use Gemini’s market data in creating bitcoin derivatives and indexes.
CBOE Holdings and Gemini Trust announced a multiyear agreement for the Chicago Board Options Exchange and its affiliates to use Gemini’s bitcoin data.
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