Business 1 year ago

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Cboe considers adding Bitcoin Cash to its futures trading market

Despite barely four months in existence, BCH is gaining attention quick.

The Chicago Board Options Exchange (CBOE) did not waste time: very shortly after receiving the go-signal to list bitcoin futures contracts on its trading platform from the U.S. Commodity Futures Trading Commission (CFTC), CBOE has hinted at possibly including other cryptocurrencies, such as Ether (ETH) and Bitcoin Cash (BCH)—despite the latter having existed for barely four months.

BCH was created in August this year to escape what was seen as a power grab by central bankers over the legacy chain, which retained the ticker symbol BTC despite veering away from the core visions outlined in the Satoshi Nakamoto white paper. Despite its very young age, BCH has been on a steady run with its value playing over the $1,500 mark. Transactions are currently going smoothly at an average of less than 10 minutes per block, with an average transaction fee of $0.159 as of writing.

Last week, the BCH developer community has announced a planned upgrade from the 8Mb block size to 32Mb, which is targeted to kick in next year.

Adding more cryptocurrencies could help the CBOE compete in the age of cryptocurrencies, as its rival CME is set to launch Bitcoin futures on December 18. The world’s second largest stock exchange, Nasdaq, is also in on the game and will be launching their own Bitcoin futures contract next year.

Despite the heated competition, CBOE president Chris Concannon commends CME chair Terry Duffy for spearheading the move towards including cryptocurrencies in futures trading, saying that “this is the beginning of what will become a major asset class over the next 10 years.”

Concannon says that the launch date announcement should come soon and that they are targeting to release their futures contracts before the year ends.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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Japanese economist says Bitcoin futures killed 2017 bull run—and any other bull runs in the future - Wiredfocus

[…] In December 2017, the Chicago Board Options Exchange (Cboe) and Chicago Mercantile Exchange (CME) launched its bitcoin futures market. During that time, BTC was in the middle of a rollercoaster—a lot was going on last year and the cryptocurrency industry saw an influx of new buyers. Several commentators tried pointing out spikes and drops, and tried to logicize the events that caused each of them. […]

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Japanese economist says Bitcoin futures killed 2017 bull run—and any other bull runs in the future | Bitcoin price media

[…] In December 2017, the Chicago Board Options Exchange (Cboe) and Chicago Mercantile Exchange (CME) launched its bitcoin futures market. During that time, BTC was in the middle of a rollercoaster—a lot was going on last year and the cryptocurrency industry saw an influx of new buyers. Several commentators tried pointing out spikes and drops, and tried to logicize the events that caused each of them. […]

Your comment is awaiting moderation.

CFTC staff gets green light to trade cryptocurrency – CRYPTOTIMES.MOBI

[…] markets. In December, CFTC Chairman J. Christopher Giancarlo gave CME and CBOE the go signal to list Bitcoin futures contracts on their trading […]

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Other brokers remain mum over Bitcoin futures despite CME and Cboe Move - Coingeek

[…] U-turn on their stance since and will be launching their bitcoin futures contracts on December 18. Cboe says they will follow shortly before the year […]

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