CBOE XBT fees are 0.50$/side (1BTC) vs 5.00$/side (5BTC) on CME. So CME is twice the fees as CBOE for an equivalent size? Reminds me of when they moved Russell to CME and everyone was all hyped about not having to pay 120$/month in market data to ICE even though they were forced to pay twice the exchange fees to CME.
Yes you are correct, December 18, 2017. Bitcoin futures launch to be December 18, 2017 https://seekingalpha.com/news/3315669-bitcoin-futures-launch-dec-18 CME FAQ http://www.cmegroup.com/education/cme-bitcoin-futures-frequently-asked-questions.html .
"Hedge Funds Prepare to Trade Against Bitcoin" https://www.bloomberg.com/news/arti...-hedge-funds-prepare-to-trade-against-bitcoin .
Link to CME PR from December 1: http://www.cmegroup.com/media-room/...elf-certifiesbitcoinfuturestolaunchdec18.html .
I wonder if CME is going to expand the market by having BTC in say jpy denomination since btc in jpy is very popular
My guess is that the eventual effect of the futures market is going to stabilize bitcoin's price (finally a quick arb possibility) and in the long run makes it boring to trade... Miners will be happy because finally they can lock in price by selling futures.
I think if you can spare 10 minutes, this section as explained by Andreas is very helpful for people interested in the bitcoin futures.