CBOE DIGITAL, the crypto arm of the Chicago Board of Options Exchange, hopes to deploy a new Bitcoin product (BTC) later this month if it is approved by regulators, the exchange said on Monday.
The new trading vehicle, in partnership with FTSE Russell, will be reduced in cash and based on the XBTF index, which represents 1/10 the value of the Bitcoin FTSE index. He will be satisfied with the last working day of each month.
If regulators approve the CBOE request, the term contracts would begin to negotiate on April 28, said.
Under -term contracts are a type of derivatives where the buyer and the seller agree to exchange an asset at a fixed price and a date in the future. They are a popular vehicle to cover and manage risks and capitalize on trends and market behavior.
“This launch arrives at a pivotal time, because the request for exposure to cryptography continues to grow and that the market participants are increasingly looking for more economical and versatile means to win and manage this exhibition,” said Catherine Clay, global CBO derivative manager, in a press release.
In November 2023, CBOE became the first regulated American exchange to offer both punctual derivatives and leveraging effect exchanging on a single platform after receiving the CFTC approval to list the margined and Ether (ETH) marginé contracts.
