CBOE Bitcoin USD Futures

Cdntrader said:
I wonder how they came to pick Gemini as the settlement price quote? I mean Winklevoss twins? really?
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Probably safer than a Russian or Bulgarian exchange. We know that they have the coins at least.
 
m22au said:
Initial observation:

Gemini price: $15,380 (approx)
CFE futures Jan 2018: $15,750 x $15,800

So the Gemini price is at least $370 higher than the underlying Gemini price, which in turn is about $550 higher than the price at Bitstamp.

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well. Arbitrage traders might be interested.
 
Cdntrader said:
I wonder how they came to pick Gemini as the settlement price quote? I mean Winklevoss twins? really?

And its like the 7th most active exchange to boot.
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BitFinex data goes with a bit premium,if you look closely;)
 
m22au said:
Now it's $401, a little higher than the $370 in my previous post

Gemini $15,449
CBOE Jan 2018 futures: $15,850 x $15,950

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The Twitter post quoted in this ZH article claims that the futures are trading at fair value.
http://www.zerohedge.com/news/2017-...ading-begins-bitcoin-price-squeezed-10-higher
https://twitter dot com/SPYJared/status/940012885757120512

I'm not entirely convinced that this is the case, but maybe I need to do more investigation into this.

Separate to that, a good summary of the differences between the CBOE and CME contracts:
http://www.zerohedge.com/news/2017-12-10/all-you-need-know-about-todays-bitcoin-futures-contract

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