Buying Bitcoin Futures

Discussion in 'Crypto Assets' started by ACUK, Jan 12, 2021.

  1. Lpw54

    Lpw54

    How does Interactive Brokers deliver the bitcoin to you? When I looked up the instrument description, it says:

    Settlement Method Physical Delivery
    Physical Delivery Not permitted at Interactive Brokers
     
    #11     Jan 13, 2021
  2. narafa

    narafa

    IB will not allow the physical delivery to happen (Just like what they do with commodities), there will be a cut-off date for longs and shorts where you will need to close out your position before, otherwise IB will auto-close the position for you to avoid physical delivery.

    Search for BAKKT on this page to know the cut-off dates/times of different contracts.

    https://www.interactivebrokers.com/en/index.php?f=deliveryExerciseActions&p=physical
     
    #12     Jan 13, 2021
  3. maxinger

    maxinger

    BTC from CME volume is quite decent.
    margin requirement $74K / lot!

    BAKKT Bitcoin Futures @ ICE is quite low.

    Bitcoin Cash settled monthly Futures from ICE Futures Sgp volume -
    you need to use a microscope in order to see it.
     
    Last edited: Jan 14, 2021
    #13     Jan 14, 2021