RATE Group | ErisX Takes on Bakkt With Launch of Physically Settled US Bitcoin Futures
72423
post-template-default,single,single-post,postid-72423,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

ErisX Takes on Bakkt With Launch of Physically Settled US Bitcoin Futures

18 Dec ErisX Takes on Bakkt With Launch of Physically Settled US Bitcoin Futures

Posted at 01:46h in Bitcoin News by

[ad_1]

Crypto derivatives platform ErisX is officially live with its physically settled bitcoin futures contracts, launching only the second such product suite in the U.S.

The company announced in a market notice Monday that its “Futures Digital Currency Products” would begin trading Tuesday, starting 8:00 a.m. Central Time (14:00 UTC). The marketplace’s daily trading hours run to 4:00 p.m. CT (22:00 UTC). In a pair of announcements shared exclusively with CoinDesk, the company elaborated on its new products, noting they would be trading alongside the company’s existing crypto spot exchange.

ErisX is only the second company to offer physically settled bitcoin futures in the U.S., following the launch of Intercontinental Exchange’s Bakkt futures contracts in September of this year. Cash-settled futures have been trading in the U.S. since 2017, when CME and Cboe launched their own products, though Cboe discontinued its bitcoin futures earlier this year.

According to a product page…

[ad_2]

Source link

Tags:
, , , , , , ,