Cboe Global Markets reported that 3,053 bitcoin futures trade on its Cbeo Futures Exchange (CFE) overnight.
Cboe launched three monthly bitcoin futures contracts on Dec. 10: January, February and March expirations which saw trading volume. The greatest volume was seen in the January contract with 2,979 trades. The January contract (XBT/F8), which expires on Jan. 17 reached a high of $18,850 and traded as low as $15,420. Reportedly the large swing in price triggered circuit breakers and temporarily halted trading.
CFE has waived all transaction fees for bitcoin futures in December 2017.
Cboe posted the following announcement this morning:
Bitcoin futures are now available for trading on the Cboe Futures Exchange, LLC (CFE). CFE launched trading in Cboe bitcoin futures on December 10 under the ticker symbol "XBT" (contract specifications | fact sheet.) This brings many benefits to traders, including transparency, efficient price discovery, deep liquidity and centralized clearing. XBTSM futures provides a centralized marketplace for participants to trade based on their view of bitcoin prices, gain exposure to bitcoin prices or hedge their existing bitcoin positions.
XBT futures are cash-settled contracts based on the Gemini's auction price for bitcoin, denominated in U.S. dollars. Gemini Trust Company, LLC (Gemini) is a digital asset exchange and custodian founded in 2014 that allows customers to buy, sell, and store digital assets such as bitcoin, and is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.