Bitcoin Contract Salient Features

(Last updated December 1, 2017)

Contract Unit Contracts are $0.01 per strike that is in-the-money as defined by the CX Reference Price at Final Settlement.

Digital bundles are 100 binary option contracts, with an in-the-money value of $1.00 per bundle. Value is paid to long position holders if the CX Reference Price price is at or above the strike or to short position holders if the CX Reference Price price is below the strike.

Cap-and-floor bundles are 10,000 binary option contracts, with an in-the-money value of $100.00 per bundle. Value is paid to long position holders for each dollar that the CX Reference Price is above the floor’s strike price and to short position holders for each dollar that the CX Reference Price is below the cap’s strike price.

Minimum Price Fluctuation $0.01 per bundle.

Cap-and-floor binary option bundles are set so that each bundle approximates 0.01 bitcoin over the floor and below the cap of the range.

Trading Hours 24 hours per day, 7 days per week, no holidays.
Trading Venue CX, via Independent Software Vendors (Tradologic).
Listing Cycle Up to 3 nearest calendar months.

Contracts for initial listing: January 2018, February 2018.

Termination of Trading Last Day of Trading is the last Friday of the contract month.
Position Limits None
Daily Price Limits No trading halts due to cash market movements.
Settlement Cash settled to the CX Reference Price at Final Settlement.