Investing.com | Author Vlad Schepkov
Published Sep 13, 2023 11:42
CoinDesk Indices (CDI), a subsidiary of CoinDesk and the leading provider of digital asset indices by AUM since 2014, and Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Futures Singapore has teamed with CDI to update its bitcoin futures contracts, which will now be known as the CoinDesk Bitcoin Futures contracts (BMC).
These futures contracts provide an institutional-grade solution to enhance marketplace accessibility, including for those precluded from directly holding bitcoin.
The CoinDesk Bitcoin Futures contracts (BMC) will utilize the CoinDesk Bitcoin Price Index (XBX) for its monthly contract settlement. XBX provides a USD-denominated reference rate for the spot price of bitcoin and is calculated every second. Known for being the longest-running, and most trusted benchmark for bitcoin, XBX has been in continuous operation since 2014, and serves as the benchmark for approximately
CoinDesk Bitcoin Futures contracts (BMC) will settle against XBX beginning with the October contracts.
"Traded and cleared in
For more information on the CoinDesk Bitcoin Futures contracts, please visit www.ice.com/futures-singapore. ICE Futures Singapore does not market the CoinDesk Bitcoin Futures to retail persons resident in
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.