ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Sunday Jul 22nd 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

CBOE’s First Bitcoin Futures Settle At $10,900

By

Matthew

De Silva

WriterETHNews.com

On Wednesday, Gemini’s 4 p.m. ET bitcoin auction determined the final settlement price for CBOE’s January bitcoin futures. The auction hosted a remarkably high volume today, with approximately 617 bitcoin changing hands.

On January 17, 2018, while the global price of bitcoin withered like a flower (if only temporarily), the notional value transacted in Gemini's bitcoin auction reached staggering new heights.

This afternoon, a stunning 616.86 bitcoin were sold for $10,900 each during Gemini's 4 p.m. auction. This corresponds to a notional value of $6.72 million, an apparent all-time high for the digital asset exchange.

Notably, today's 4 p.m. auction price ($10,900) determined the final settlement price for CBOE's first bitcoin futures, which might help explain the unusually high volume. While market volatility is pretty typical in the cryptocurrency world, the massive uptick in volume and market-wide fluctuations lead one to wonder if there was is something more nefarious at play.

Before today, an average of 46.42 bitcoin were sold during Gemini's 4 p.m. auctions in the month of January 2018.

4 p.m. ET Gemini Auction Data

Source

XBT/F8 Trading Data

Source

Data for CBOE's January bitcoin futures have been hard to come by, but clearly the XBT/F8 contracts slipped in value since they were introduced in December 2017.

ETHNews has reached out to CBOE for additional metrics, so stay tuned for additional coverage.

Matthew De Silva

Matthew is a full-time staff writer for ETHNews with a passion for law and technology. In 2016, he graduated from Georgetown University where he studied international economics and music. Matthew enjoys biking and listening to podcasts. He lives in Los Angeles and holds no value in any cryptocurrencies.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest CBOE, Gemini or other Ethereum business and finance news.