DEC 08, 2017

Cboe and Gemini to Launch First-Ever Bitcoin Futures Contract — Ticker: XBT

link
1 -mYTtfqWp- oUmQTqRU3-g
Cameron Winklevoss-Headshot

Gemini is excited to announce that Bitcoin (USD) Futures Contracts will begin trading on the Cboe Futures Exchange, LLC (CFE) starting at 6:00 p.m. EST on Sunday December 10th, 2017 under the ticker symbol “XBT” ( | ). Monday, December 11th, will be the first full day of trading, and there will be no trading fees for XBT futures in the month of December.

XBT futures are cash-settled contracts based on Gemini’s auction price for bitcoin, denominated in U.S. dollars. XBT futures are specifically designed to allow participants to implement straightforward trading strategies, through settlement to a single, tradeable auction price.

  • XBT futures will cash-settle on the Wednesday prior to the third Friday of the month
  • Final settlement value (XBTS) will reflect the Gemini 4:00 p.m. ET daily bitcoin auction price
  • XBT futures will enable investors to take a directional view on the price of bitcoin (both long and short), gain exposure to , or hedge their existing bitcoin positions
  • XBT futures will bring benefits to traders, including transparency, efficient price discovery, deep liquidity and centralized clearing
  • CFE is regulated by the Commodity Futures Trading Commission (CFTC)
  • Gemini is a New York trust company regulated by the New York Department of Financial Services (NYSDFS)
  • Gemini and CFE have cross-market surveillance and information-sharing agreements in place

Visit our website to learn more about , accessing our , and our as well as cross-connects to our matching engine. Visit Cboe’s website to learn more about and .

Onward and Upward!

Team Gemini

RELATED ARTICLES

Blog

COMPANY

JUL 31, 2025

Gemini’s Next Batch of Tokenized Stocks Includes AMD, Reddit, and GameStop

Attachment-1 (1)

WEEKLY MARKET UPDATE

JUL 31, 2025

SEC Approves In-Kind Crypto ETF Redemptions, Tron Inc. Registers to Raise $1 billion for TRX Purchases, and Crypto Policy Report Goes Live

BCH, DOGE, SHIB, SOL, and XRP Cross Collateral

DERIVATIVES

JUL 28, 2025

Introducing BCH, DOGE, SHIB, SOL, and XRP as Cross Collateral for Derivatives Trading

MORE FROM CAMERON WINKLEVOSS

02-10-2020 Cryptopedia blog

COMPANY

FEB 18, 2021

Gemini Launches Cryptopedia, A Free Crypto Education Platform

Gemini Logo

COMPANY

OCT 24, 2018

Gemini dollar (GUSD) Is Now Supported by 25 Exchanges

1 Jw i0arHPCfAyhZxFeuzlw

INDUSTRY

SEP 26, 2018

Welcoming Our General Counsel

The trusted crypto-native finance platform