Industry Gossip: CBOE slowly bring down XBT

Discussion in 'Crypto Assets' started by ajacobson, Mar 15, 2019.

  1. ajacobson

    ajacobson

    ?
     
  2. FSU

    FSU

  3. Overnight

    Overnight

    OMG, what is with this statement?!?

    “They are both cash settled, meaning that two players trade against each other based on the price, and the loser forks over USD to the winner, so bitcoin is never moved by this market,” said Greenspan

    Well, no shit Sherlock Greenspan? It's a bloody futures contract? It is a contract to buy or sell, not an obligation to move the actual product? Ug.
     
  4. sle

    sle

    Well, the idea is that the futures follow the underlying market. If there is no physical settlement, that linkage can be rather tenuous.
     
  5. ETJ

    ETJ

    EFPs have been done to settle the futures - not widely. but they have been done.
     
  6. maxinger

    maxinger

    Well. volume has been rather pathetic.

    Only small players trading bitcoins
     
  7. Pekelo

    Pekelo

  8. ajacobson

    ajacobson