CME Bitcoin futures are now available for trading. Learn why traders use futures, how to trade how is bitcoin value determined, and what steps you should take to get started. Insightful and thought-provoking content related to today’s emerging financial technology.
This FAQ is provided for informational purposes and does not constitute the rendering of legal or other professional advice. Individuals and entities should in all cases seek advice from their independent legal and professional advisors regarding the matters discussed below. When will CME Group launch Bitcoin futures contracts? CME Group plans to launch Bitcoin futures on Sunday, December 17, 2017 for a trade date of December 18.
What is the relationship between Bitcoin futures and the underlying spot market? On which exchange will Bitcoin futures be listed? What regulation will apply to the trading of Bitcoin futures? What does self-certification with the CFTC entail? This is the most commonly used method employed by the CME Group Exchanges and all other exchanges to list new futures products for trading. On December 1, the Exchange self-certified the new Bitcoin Futures contract with the CFTC. What accounting and other regulatory treatment is afforded to Bitcoin futures in my local jurisdiction?
As with any other derivatives product, the accounting treatment of positions in Bitcoin futures, and the general local regulatory treatment of trading in Bitcoin derivatives, may differ by country and between competent jurisdictions. Market participants are solely responsible for complying with all applicable US and local requirements. Which platforms will support Bitcoin futures trading? Do I need a digital wallet to trade Bitcoin futures? You do not need a digital wallet, because Bitcoin futures are financially-settled and therefore do not involve the exchange of bitcoin.
In order to trade futures, you must open an account with a registered futures broker who will maintain your account and guarantee your trades. 2 “serial” months not in the March Quarterly cycle. Last Day of Trading is the last Friday of contract month. Trading in expiring futures terminates at 4:00 p. London time on Last Day of Trading. Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined.