CANTOR EXCHANGE ANNOUNCES LAUNCH OF BITCOIN SWAPS
CANTOR EXCHANGE HAS SELF-CERTIFIED A BITCOIN SWAPS CONTRACT WITH THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) AND INTENDS SOON TO ANNOUNCE A START DATE FOR TRADING TO BEGIN.
Cantor Exchange® Bitcoin Swaps will be unleveraged and will offer the ability to trade over a range of bitcoin prices, and will trade for dates that are approximately one-month, two-months and three-months ahead. The contracts will be cash settled at 12 noon New York time on the last Friday of each calendar month based on a cash settlement price determined by Cantor Exchange.
Contract Unit : Contracts are $0.01 per strike that is in-the-money as defined by the Cantor Exchange 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 Cantor Exchange Reference Price price is at or above the strike or to short position holders if the Cantor Exchange 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 Cantor Exchange Reference Price is above the floor’s strike price and to short position holders for each dollar that the Cantor Exchange Reference Price is below the cap’s strike price.
Settlement Cash settled to the Cantor Exchange Reference Price at Final Settlement.