Blog home
COMPANY
JAN 17, 2018
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” (contract specifications | fact sheet).
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 Gemini auctions, accessing our APIs and consuming Gemini market data, and our institutional offering, including cross-connects to our matching engine. Please Visit Cboe’s website to learn more about XBT futures and Quote Vendor Symbols.
Onward and Upward!
Team Gemini
RELATED ARTICLES
DERIVATIVES
JAN 15, 2025
Introducing Index Perpetual Contracts on the Gemini Derivatives Platform: KT5/GUSD and KSL2/GUSD
WEEKLY MARKET UPDATE
JAN 09, 2025
Spot Bitcoin ETFs Outpace Supply in December, Backpack Exchange Buys FTX’s EU Operations, and Metaplanet Eyes 10K BTC Purchase
COMPANY
JAN 08, 2025
Gemini Accelerates European Expansion with New Leadership Team
MORE FROM CAMERON WINKLEVOSS
View all
COMPANY
FEB 18, 2021
Gemini Launches Cryptopedia, A Free Crypto Education Platform
COMPANY
OCT 24, 2018
Gemini dollar (GUSD) Is Now Supported by 25 Exchanges
INDUSTRY
SEP 26, 2018