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Published on Gold Anti-Trust Action Committee (http://gata.org)

CBOE and CME battle for bitcoin futures bragging rights

By cpowell
Created 2017-12-04 17:59

By Philip Stafford
Financial Times, London
Monday, December 4, 2017

Chicago's two largest derivatives exchanges are going head to head in coming weeks to become the U.S. market of choice for bitcoin futures trading.

CBOE Global Markets said today it would begin trading its bitcoin futures contracts, known as XBT futures, next week, on December 11, offering free trading for the rest of the month to help spur transactions.

That will steal a march on its rival, CME Group, the world's largest futures exchange, which will launch its futures contracts the following Monday.

Both exchanges are seeking to exploit rising interest from Wall Street in the controversial cryptocurrency, whose value has mushroomed this year. Earlier today it hit a record $11,800, having been less than $2,000 only in April. ...

... For the remainder of the report:

https://www.ft.com/content/e535b17c-d8ea-11e7-a039-c64b1c09b482 [1]



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