Cboe Global Markets Makes First Settlement of Bitcoin Futures

Cboe Global Markets, Inc. announced the settlement of January expiry Cboe bitcoin (XBT) future. The settlement price was $10,900.00, as determined by the 4:00 p.m. ET Gemini1 Exchange bitcoin auction. Cboe XBT futures, the first regulated futures of their kind, launched on December 10, 2017, and a total of over 124,000 contracts have traded across expiries since, representing a notional value of over $1.5 billion. The contracts, which are cash-settled, were specifically designed to allow participants to implement straightforward trading strategies through settlement to a single, tradable auction price as calculated by Gemini.