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PRODUCT
JAN 17, 2018
Successful First Settlement of Bitcoin Futures

Gemini is proud to announce the successful first settlement of January expiry Bitcoin Futures, which trade on the Cboe Futures Exchange, LLC (CFE) under the ticker “XBT” (contract specifications | fact sheet).
The settlement price was $10,900.00, as determined by Gemini’s 4pm Eastern Time BTCUSD auction, in which 616.86 bitcoin traded — a notional value of $6.72m USD.
Cboe Global Markets, Inc. (Cboe), one of the world’s largest exchange holding companies, and Gemini Trust Company, LLC (Gemini), the world’s most regulated digital asset exchange and custodian, partnered to launch the first-ever bitcoin futures contract on December 10, 2017. Since inception, over 124,000 contracts have traded across expiries, representing a notional value of over $1.5bn USD.
Ed Tilly, Chairman and Chief Executive Officer of Cboe, stated: “This is an encouraging initial milestone, and we look forward to working with customers to power the growth of this nascent market.”
Please visit our website to learn more about Gemini auctions, accessing our APIs and consuming Gemini market data, and our institutional offering, including cross-connects to our matching engine. Please Visit Cboe’s website to learn more about XBT futures and Quote Vendor Symbols.
Onward and Upward!
Team Gemini
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