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” ( | ).

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

Onward and Upward!

Team Gemini