CBOE Signs with Gemini in Bitcoin Market Data Agreement

Bitcoin Market

CBOE Signs with Gemini in Bitcoin Market Data Agreement

Pending approval by the CFTC, the CBOE plans to launch cash-settled Bitcoin futures by late 2017/early 2018.

Chicago-based CBOE Holdings, the largest US options exchange, today announced that it has secured a multi-year exclusive license from Gemini Trust, the bitcoin exchange created by Tyler and Cameron Winklevoss.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The London Summit 2017 is coming, get involved!

The deal allows CBOE to use Gemini’s market data, including its daily bitcoin auction values, to list and trade bitcoin derivatives products, with other digital currency contracts expected to follow.

Pending regulatory approval by the CFTC, the firm plans to launch cash-settled Bitcoin futures by the end of this year or early 2018. The deal also gives CBOE additional rights to roll out further cryptocurrency derivatives based on Gemini market data, and to distribute its market data over the exchange’s feeds.

Should the company secure the authorities’ permission to operate as a regulated venue for derivative contracts settling in digital currencies, it will open the market up to a much larger customer base who are currently unable to participate in the Bitcoin market due to compliance restrictions.

While a notable milestone, the move comes a few weeks after the CFTC granted blockchain startup LedgerX its official registration as a derivatives clearing organization (DCO).

As for the Gemini’s creators, the twins are early investors in Bitcoin and have been highly bullish on its future value. They proposed an exchange traded fund (ETF) that would track Bitcoin prices, allowing investors to gain exposure to bitcoin on a fully regulated venue. However, the US Securities and Exchange Commission (SEC) denied their application earlier this year.

Ed Tilly, CBOE Holdings CEO, commented: “CBOE is not only a home to options, derivatives and the VIX but also ETF innovations and foreign exchange. This makes us the natural choice for the development and trading of bitcoin futures. We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange, with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing.”

Tyler Winklevoss, CEO of Gemini, added:

“Gemini’s key concerns in the cryptocurrency ecosystem have always been security, compliance, and regulatory oversight. By working with the team at CBOE, we are helping to make bitcoin and other cryptocurrencies increasingly accessible to both retail and institutional investors.”

binary options daily

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

Leave a Reply

Your Name (required)

Your Email (required)

Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE

      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?