The Chicago Board Options Exchange (CBOE) has released its new Bitcoin derivative contract specifications in late November 2017, with the product itself to be introduced in the market in the next few weeks. With the move, the exchange follows other financial institutions in introducing Bitcoin futures products.
The CBOE will use the XBT ticker for its new products. The ticker is exactly the same as the one being used by Bitcoin exchange Kraken in its platform. It is also expected that CBOE will introduce different types of contracts in the near future in its bid to secure a major market share quickly. The product launching, however, will be mainly dependent on the performance of its new products.
High demand for Bitcoin-based financial products
The demand for Bitcoin-based financial products is very high right now because of the continuous surge in the price of the number one cryptocurrency. Several financial institutions have also taken a complete turnaround on their assessment of Bitcoin…