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CME Group’s bitcoin futures trading, barring any delays from regulators, will begin on December 11.
The derivatives exchange operator has published information about the launch of the contract on its website after CME CEO Terry Duffy’s headline announcement from last week. At that time, Duffy said that trading could go into effect already in the second week of December.
Now the company has almost confirmed this statement by writing on its website.
Each contract will amount to 5 BTC, as previously reported by Business Insider, trading on both the CME Globex and CME ClearPort systems and using the current CME’s bitcoin price indices. According to the company, spot position limits are set for 1,000 contracts.
For the contracts, CME explained, minimum price fluctuations (or "ticks") are tied to $5 per bitcoin, which is a total of $25 for each one.
Additional materials posted on the CME website also show how it will handle potentially large fluctuations in bitcoin’s prices.
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