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Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced the successful launch of Cboe bitcoin futures. XBT futures posted a strong start in the Global Trading Hours, which began as planned at 5:00 p.m. CT on Sunday, December 10, 2017.
The first full day of trading continues today, December 11.
At 5:00 p.m. CT on Sunday, XBT futures opened at $15,000 and 890 contracts1 were traded by 7:15 p.m. CT. Total volume Sunday overnight (5:00 p.m. to 8:30 a.m. CT) was a reported 3,001 contracts, with nearly 20 trading firms actively participating. Cboe previously announced that all transaction fees will be waived2 throughout the month of December.
Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: “I’m pleased to report the successful launch of Cboe bitcoin futures. Our regulated market experienced a smooth operational open and orderly markets throughout the evening trading session. We look forward to the growth of this new derivatives market.”
Over the last five years, the total value of all bitcoin outstanding (i.e., “market capitalization”) has grown from less than $1 billion to over $262 billion3 with daily notional turnover on December 8, 2017 exceeding $21 billion. The total value of all cryptocurrency tokens outstanding is now approximately $423.7 billion.
