is the second major U.S. exchange to offer trading in Bitcoin futures.
On December 10, TradeStation supported the launch of the first Bitcoin
futures offering from a major U.S. exchange, the XBT contract from Cboe
Global Markets, Inc. (Cboe), traded on its Cboe Futures Exchange (CFE).
Trading in both the CFE and CME Bitcoin futures contracts is available
to eligible current and newly funded TradeStation futures account
The new CME contract (ticker symbol BTC) will be cash-settled in U.S.
dollars, based on the CME CF Bitcoin Reference Rate (BRR), which serves
as a once-a-day reference rate of the U.S. dollar price of Bitcoin.
CME Group and Crypto
Facilities Ltd. calculate and publish the BRR, which aggregates the
trade flow of major Bitcoin spot exchanges during a calculation window
into the U.S. dollar price of one Bitcoin as of 4:00 p.m. London (UK)
time. TradeStation earlier this year added support for real-time market
data for CME’s two Bitcoin indices, the BRR and the CME CF Bitcoin Real
believe that CME’s launch of the new Bitcoin futures contract represents
a major milestone in the development of cryptocurrency derivatives
markets that appear to be more fair and transparent than trading the
underlying cryptocurrency,” said John Bartleman, President of
TradeStation Group, Inc., the parent company of TradeStation. “We’re
excited to support CME’s new offering from the first day of trading and
to extend to TradeStation clients the opportunity to trade this emerging