futures to lock in a selling price before they even planted their crops for the grown season. . The brokerage also said clients will not be able to take short positions, or bet against bitcoin futures, "due to the extreme volatility of cryptocurrencies.". The digital currency itself rose more than 14 percent Monday to 17,261, according. "Due to heavy traffic on our website, visitors to m may find that it is performing slower than usual and may at times be temporarily unavailable the exchange said in a statement Sunday. Cboe is basing the price of bitcoin futures using the Gemini Trust Company, an exchange co-founded by the Winklevoss twins. CoinDesk's bitcoin price index. Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Cboe Global Markets, CME Group, and Nasdaq. He now is long a bitcoin and short a January XBT futures contract. . This figure is known as margin.
Not everyone is happy with the launch of bitcoin futures. One CME bitcoin futures contract will be worth five bitcoins. If it goes down, then you'll lose that amount of cash. ET launch on Sunday, the new futures had climbed 10 percent, triggering a two-minute trading halt. About 20 trading firms participated in the first day of bitcoin futures trading, Cboe said. Specifically, the extended trading hours (ETH) session starts Sunday at 5:00 pm and ends Monday at 8:30 am with the ETH sessions for the rest of the week (Tuesday Friday) consisting of opening at 3:30 pm the day before and ending at 8:30. . The Motley Fool has a disclosure policy. Cboe launched the bitcoin futures under the "XBT" ticker symbol on Sunday following a giant leap in the digital currency's price this year and a surge of investor interest. Futures will open the door to trading for those who don't want to deal with the challenges of owning actual bitcoin directly and who haven't been comfortable with various exchange-traded products that purport to offer bitcoin exposure. Cboe is offering a promotional deal under which it will waive all of its transaction fees on bitcoin futures for the month of December.