First Bitcoin futures to be offered in 2017/18 (full list, updated)

“Institutional money is coming!” – has been the outcry in the crypto scene lately. CBOE and CME have announced their plans to introduce Bitcoin futures (and other derivatives where you also do not have to buy Bitcoin to trade, eventually). NASDAQ has followed with a Q2 2018 futures promise.

Commenters have been divided in their forecasts – some say the institutional investors trading on large conventional exchanges will strengthen Bitcoin, other warn that most futures and derivatives are created for shorting, and Bitcoin price can be manipulated, BTC will tank and they will profit off of it.

Here’s the full comparative table of all market players that announced their interest in Bitcoin futures or derivative products:

 CMECBOENASDAQ
Start date1710Q2 2018
TickerBTCXBTTBA
Working hoursOpen Sunday at 5 pm Chicago time and close at 4 pm on Friday.9:30 a.m. to 4:15 p.m. Eastern time on Mondays and 9:30 a.m. to 4:15 p.m Tuesday through Friday. Extended hours 6 p.m. Sunday to 9:30 a.m. Monday, and 4:30 p.m. Monday through to 9:30 a.m. Friday.TBA
Margin35.00%30.00%TBA
SettlementUSDUSDTBA
ClearingCME ClearPortOptions Clearing Corporation TBA
Contract size5 bitcoins1 bitcoinTBA
PricingCME Bitcoin Reference rate (data from Bitstamp, GDAX, itBit and Kraken)Single auction 2100 GMT @ GeminiTBA
Contract expirationsMonthly contractsFour weekly contractsTBA
Price limits & haltsWill apply circuit breakers to its bitcoin futures of 7 percent, 13 percent, and 20 percent to the futures fixing price. Trading not be allowed outside of the 20 percent price limit.Halt for 2 minutes if the best bid in the XBT futures contract closest to expiration is 10 percent or more above or below the daily settlement price of that contract on the prior business day.TBA

Some of the Twitter’s responses that outline all the possible outcomes:

And yes, Goldman Sachs plans to enter Bitcoin futures heavily.

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