Source: Cointelegraph Original: "{title}"
The Chicago Board Options Exchange (Cboe) has announced the launch of a new Bitcoin (BTC) futures derivative product.
According to an announcement on April 7, Cboe plans to launch FTSE Bitcoin Index Futures on April 28, pending regulatory approval. This product is based on the VanEck Bitcoin Strategy ETF (XBTF).
The new product will be cash-settled and, like XBTF, represents one-tenth of the value of the FTSE Bitcoin Index. Futures will settle on the last business day of each month.
This is the first product launched by Cboe in collaboration with FTSE Russell, a subsidiary of the London Stock Exchange Group. Reportedly, this new Bitcoin derivative aims to complement its recently launched Bitcoin options products, Bitcoin US ETF Index Options (CBTX) and Bitcoin US ETF Index Options (MBTX). Cboe's Head of Global Derivatives, Catherine Clay, stated:
"This launch comes at a time of growing demand for exposure to cryptocurrencies, as market participants increasingly seek more capital-efficient and versatile ways to obtain and manage that exposure."
Cboe is a significant player in the global financial arena and is a long-established institution founded in 1973. The exchange is also a provider of Bitcoin products, having launched its first Bitcoin futures contract on December 10, 2017.
Today, Cboe continues to innovate in traditional markets, which have been developing at a notably slow pace for users accustomed to the cryptocurrency market. In early February, the exchange further narrowed the gap between cryptocurrency and traditional finance by announcing plans to introduce a 24-hour trading system, but only on weekdays.
Despite the launch of Bitcoin exchange-traded funds (ETFs), Bitcoin futures remain widely traded and discussed among cryptocurrency market participants. In late March, leveraged trading of Bitcoin futures led to the liquidation of $10 billion in open contracts.
Product development in this field is ongoing. In March, Coinbase announced plans to offer around-the-clock trading of Bitcoin and Ethereum (ETH) futures for U.S. residents.
Also in March, Singapore's largest exchange group, Singapore Exchange (SGX), was reported to be planning to launch Bitcoin perpetual futures in the second half of 2025.
Related: BlackRock selects Anchorage Digital for digital asset custody.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
