Options exchange CBOE has released early specifications for its planned bitcoin futures product.
In a blog post from Friday, the company published some of the technical details for its futures contract, which will be listed under the symbol XBT – that is, of course, pending approval from U.S. regulators. The development dates back to August, growing out of an initial partnership that saw New York-based exchange startup Gemini (owned by investors Cameron and Tyler Winklevoss) providing data to the Chicago-based CBOE.
It’s a development that adds further fuel to efforts to create trading products tied to the cryptocurrency market. With a futures contract, two parties agree to trade an asset – in this case, bitcoin – at a predetermined time and price…
Read Full: CBOE Releases New Details on Bitcoin Futures Contracts – CoinDesk
