Bitcoin futures start Sunday Night Dec 10th at 6 pm ET
Each CBOE contract will be for 1 Bitcoin
Initial Margin will be 30% or 3x, which is low considering you can trade a 1,000 barrel WTI contract, worth some $56,000 for just $2,100 or 3%. In other words, the Bitcoin futures cost 10x the initial margin.
There will be 2 minute trading halts when and if the contract moves over 10%. 5 minute halts on 20% moves.
There have been multiple examples of each this week alone!
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