Summary
- The Chicago Board Options Exchange (CBOE) announced the commencement of trading for the Bitcoin index-based futures product XBTF.
- XBTF is a cash-settled futures product, eliminating the physical delivery of Bitcoin.
- Investors expect that the easy settlement method will facilitate position management for XBTF.
The Chicago Board Options Exchange (CBOE) announced on the 29th (local time) via its official X (formerly Twitter) that trading of the Bitcoin (BTC) index-based futures product (XBTF) has commenced.
XBTF is a cash-settled futures product, meaning that positions are settled in cash at maturity, eliminating the complex process of physically delivering Bitcoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
