New York-based online brokerage firm E-Trade Financial Corp. has plans to launch trading services for digital assets, Bloomberg reports. Bitcoin and ether will be the first assets to be supported by E-Trade’s crypto trading service, but the firm has plans to list other assets in the future. This announcement comes on the heels of a report that TD Ameritrade is testing crypto trading on its platform.
A well-known electronic brokerage firm is issuing dire warnings against the CME Group’s plan to launch a bitcoin futures contract next month.
But Interactive Brokers, in a comment letter dated Nov. 14, suggested a way to mitigate the risk it sees from such activity: The Commodity Futures Trading Commission (CFTC), under the auspices of J. Christopher Giancarlo, should sequester systems that handle cryptocurrency derivatives.
“This letter is to request that the Commission require that any clearing organization that wishes to clear any cryptocurrency or derivative of a cryptocurrency do so in a separate clearing system isolated from other products,” wrote Thomas Peterffy, chairman of Interactive Brokers.
It’s been over a year since the Cboe and CME listed the world’s first bitcoin futures contracts, the first ever bitcoin investment product to hit the legacy market. Both futures went live just before bitcoin peaked at its $20,000 all-time high. Out-the-gate trading for the derivatives reflected 2017’s market mania, and Cboe’s futures alone traded over 800 contracts (roughly $12,000,000 at the time) within the first two hours of their launch.
Having met the U.S. Securities and Exchange Commission (SEC) in August 2018, officials of VanEck, SolidX and Cboe BZX Exchange have met with the Commission again, in the latest attempt to convince the regulator to approve the nation's first bitcoin exchange-traded fund (ETF), according to an official presentation submitted to the SEC.
Major U.S. digital asset platform Coinbase has launched an over-the-counter (OTC) trading desk dedicated to institutional investors, live-streaming site Cheddar reports.
From Coinbase Prime to its Custody service, the exchange has been laying the groundwork for institutional investors for a while now.
At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins.
In an interview with Bitcoin Magazine, Joshua Goodbody, general counsel of Huobi’s global institutional team, said, “Our derivative contracts are agreements to buy or sell an asset on a specific future date and at a specific price.
An unconfirmed report released today, November 27, 2018, claims that NASDAQ has plans to launch bitcoin-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash.
Bloomberg published an article today describing NASDAQ’s history with these futures contracts, claiming that they have “been working to satisfy the concerns of the U.
Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release.
On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019.
Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.
Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.
Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX.
Five weeks ago, the U.S. Commodity Futures Trading Commission (CFTC) announced three exchanges had self-certified Bitcoin derivatives products. Following the subsequent backlash from the Futures Industry Association (FIA), the CFTC has announced two public committee meetings to review the self-certification process, procedures and operational controls for listing and trading digital currency futures.
When the history of Bitcoin and blockchains is written, 2017 will be the year tagged as the “turning point” when Bitcoin and “red hot” blockchain technology went mainstream. The steadily rising bitcoin price and market cap is a key, though not the only, indicator that a tipping point has been reached.
The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange (CBOE) allowed bitcoin futures to begin trading under the symbol “XBT.” Chicago Mercantile Exchange (CME) is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017.
The bitcoin price has surged by more than 20 percent overnight, triggered by the launch of the Chicago Board Options Exchange (CBOE) bitcoin futures trading platform.
Within three hours after its listing of bitcoin futures, the website and online trading platform of the Chicago Board Options Exchange (CBOE) were inaccessible, due to an unexpected spike in demand and volume.
Bitcoin’s market valuation briefly surpassed that of JPMorgan, the world’s largest bank, earlier today, on December 8.
Goldman Sachs, the global finance market’s second largest investment bank behind JPMorgan, will begin trading bitcoin futures for its clients, once major exchanges list bitcoin futures in the upcoming weeks.
Earlier today, on December 6, the bitcoin price achieved a new all-time high at $12,278, within 24 hours since achieving its previous all-time high at $12,000.
Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.
CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract.
CME Group, the $51 billion US-based financial institution and the world’s largest options exchange, is set to finalize the integration of its bitcoin futures exchange by December 17, and open bitcoin futures for trading by December 18.
The $6.831 trillion stock market Nasdaq, the world’s second-largest stock exchange behind New York Stock Exchange, will enable bitcoin futures trading by mid-2018.
Nasdaq and Cantor to Integrate Bitcoin by First Half of 2018
A Wall Street Journal report revealed that Nasdaq and Cantor Fitzgerald & Co.
CME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month.
Speaking to CNBC today, Duffy said that trading could begin as early as the second week of December.
"I think sometime in the second week of December you'll see our contract out for listing," he told the network.
The firm made waves in October when it revealed that it was seeking regulatory approval to list its first bitcoin-related product.
For the first time since March of this year, the bitcoin dominance index has surpassed 61 percent, further solidifying bitcoin’s position as the leading digital currency within the global cryptocurrency market.
From January to September, the dominance index of bitcoin has declined from around 90 percent to 30 percent. But, in the past few months, the dominance index of bitcoin has gradually increased and earlier this week, bitcoin dominance index surpassed the 60 percent mark at last.
A Maryland-based exchange-traded fund (ETF) firm has filed to launch two new bitcoin futures-based products.
According to a Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin-tied funds: the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. Like other proposed ETFs that have emerged in recent months, ProShares isn’t planning to buy direct stakes in the cryptocurrency; rather, it intends to create exposure through derivatives contracts.