Nov

1

Announcement found here.

"The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME."

Doug Martin writes: 

What do you think the notional value will be per contract?

100 Coins X $6500 = $650,000/contract

5% move per day. Margin requirements would be quite large per contract.

John Netto writes: 

There will be a mini-BTC

Henrik Andersson writes: 

I'm also curious so I called CME and asked. Each contract will represent 1 Bitcoin and when the contract settles you will receive the cash amount of the Bitcoin Reference Rate. 


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2 Comments so far

  1. Joe DiLeo on November 1, 2017 8:20 pm

    Digital currency will yield most significant global finance disruption ever experienced. Never before has innovation at scale had ability to impact both 1st & 3rd world economies with equitable levels of adaption & import.

    Each of our 7.6 billion fellow planet-dwellers who are unbanked, privacy absolutist, enemies of corruption/manipulation omnipresent in fiat currency, tax sheltering esq., criminal cartel,s etc—-> has now found nirvana.

    The opportunity cost of ignorance will be incalculable.

  2. Andre on November 2, 2017 12:10 pm

    This thing is absolutely insane. I bought bitcoin in 2012 and the broker Mt Got went out of business. With all the mercurialness of bitcoin back then I don’t understand how this has been allowed to happen. Is it foreign governments despite to topple USD as world reserve currency?

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