Bitcoin activity by country

CME Bitcoin futures are now available for trading. Learn why traders use futures, how to trade futures, and what steps you bitcoin activity by country 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. Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 3:00 p.

Will block transactions be allowed for Bitcoin futures? Yes, block transactions will be allowed for Bitcoin futures, subject to reporting requirements per Rule 526. The minimum block threshold will be 5 contracts. Bitcoin futures be available for trading on Day 1? CME Group will launch BTIC for Bitcoin futures in H1 2018. How will the Bitcoin futures daily settlement price be determined?

CME Globex trades between 2:59:00 p. Central Time rounded to the nearest tradable tick. Will the Bitcoin futures be subject to price limits? These limits apply to both upside and downside price changes relative to the prior day’s Bitcoin futures settlement price. Meaning, if the lead month contract hits limit-up or limit-down, a two-minute monitoring period will begin. During the pre-open market state, trade matching does not occur but orders can be entered, modified or cancelled. How will the Bitcoin futures final settlement price be determined?

London time on the expiration day of the futures contract. What is the maximum order size for Bitcoin futures on CME Globex? The maximum order size will initially be 100 contracts. Will CME Group also list options on Bitcoin futures? CME will not list options initially, but will reassess once the futures market develops and as customer demand evolves. Into which asset class will Bitcoin futures be classified? CME will categorize Bitcoin futures under Equity Index and Alternative Products.

Through which market data channel will these products be available? Designed by CME Group and Crypto Facilities Ltd, around the IOSCO Principles for Financial Benchmarks, the BRR is a daily reference rate of the U. Dollar price of one bitcoin as of 4:00 p. It is representative of the bitcoin trading activity on Constituent Exchanges and is geared towards resilience and replicability.