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Product

  • Financially Settled Bitcoin Futures
  • Financially Settled Ether Futures

Contract Specification

Cboe Digital margin based futures contracts will trade and clear through our CFTC-regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO).

Description
A financially-settled future on:
Product
Bitcoin
Ether
Contract Symbol
FBT
FET
Contract Size
0.1 bitcoin
1 ether
Price Quotation
USD per 1 bitcoin
USD per 1 ether
Minimum Price Increment
$ 1.00 ($0.10 per contract)
$ 0.10 ($0.10 per contract)
Listed Contracts
Up to 2 serial months and nearest 2 quarterly months
Settlement

Financially-settled.
Final settlement price is determined pursuant to Rule 906(c) and based upon the applicable Cboe Kaiko Reference Rate. The final settlement price is the applicable Cboe Kaiko Rate published at 10:00 a.m. CT on the Last Trading Day.
More information below.
Trading Hours

Sunday through Friday
5:00 p.m. CT (open on previous business day) through 4:00 p.m. CT (close on trade date), unless otherwise determined by the Exchange and published in a Notice to Participants.

Daily Closing Time
4:00 p.m. CT
Last Trading Day/Time
10:00 a.m. CT Last Friday* of the contract month.
* Preceding business day if day falls on a non-business day
Block Trade Min Size / Price
10 Contracts / $0.01
10 Contracts / $0.01
Position Limit
85,000 Contracts
120,000 Contracts
Large Trader Reporting
25 Contracts
25 Contracts
Collateral Withheld Collateral required on a margin-basis. Margin requirements are published daily on the Cboe Digital website at cboedigital.com.
Forks Support for forks in the underlying product will be evaluated in accordance with the Cboe Digital Fork Policy.

Cboe Kaiko Reference Rates

Cboe Digital has worked with Kaiko, a leading provider or crypto data and crypto indices, to provide reference rates for Cboe Digital margin futures.

The Cboe Kaiko Rates are calculated hourly and designed to act as an underlying for settlement of Cboe Digital‘s margin digital asset futures . Each rate takes into account one hour of executed trade data from a curated list of centralized exchanges. For more information on the Cboe Kaiko Rates please visit the Kaiko website.

Contract Symbol Rate Kaiko Symbol ISIN
FBT
 Cboe Kaiko Bitcoin Rate Cboe-KAIKO_BTCUSD FR001400LY68
FET
 Cboe Kaiko Ether Rate Cboe-KAIKO_ETHUSD FR001400LY50