Bitcoin continues to rise and so does the anticipation for the launch of bitcoin futures. CME had released that they are planning to release bitcoin futures on December 18th. CBOE then raised them one and released a statement saying they will be releasing their version on December 10th. There are a few differences in the contract specifications you will need to be aware of. The first being the size of the futures contract. CMEs product will be 5 bitcoins while CBOEs contract will be just 1 bitcoin. The other thing you will want to be aware of is the initial margin requirement. We were told from CBOE that their initial margin will be set at 44%. We have yet to have final word on the margin for the CME futures. Some trading firms are taking an extra step of precaution and waiting 24-48 hours before making the products available to clients due to the likely hood of high volatility in a yet to be tested market. Due to gray areas in regulations, we will be waiting until the products launch date before making our daily technical analysis available. Please let us know if you have any questions.
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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.