A derivatives contract that is solely based on the price of bitcoin. These contracts can be traded on the CBOE & CME.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
Wannabe Futures Trader: I received 3 margin calls because bitcoin futures fluctuates through prices like a hot knife in butter.
by EazieWeezie January 11, 2018
Get the Bitcoin Futuresmug. 
Full name Odd Future Wolf Gang Kill Them All, they are a hip hop collective hailing from Los Angeles, CA. Known for their dark lyrical themes and humorous personality, their fanbase is composed of white suburban young adults. An above average rap collective, however they're infamously overhyped by people now known as "dickriders" because they follow anything OF has to bring to the table, and goes apeshit when someone disagrees with their opinion on the group (even going as far as posting their phone number online, like what the fuck).
Odd Future's members include leader Tyler the Creator, Earl Sweatshirt, Frank Ocean, Hodgy Beats, and Left Brain.
by peebags October 21, 2011
Get the Odd Futuremug. I only needed the power of a single graphics card in my PC, but I got a great future-proof motherboard that supports quad SLI.
by subignition June 29, 2008
Get the future-proofmug. by FuturePersinger February 24, 2022
Get the Future persingermug. a person that has not yet reached the actual level of relationship status to be defined as a "friend" in your life, but you think he/she is cool and will gladly shotgun a beer with her on a beach or take a body shot off a ginger with.
"Whose your friend that you were talking to over there? -- she seemed cool"
"Oh that girl? Nah she's not my friend...she's my future friend. her name is Jill"
"...oh Gotcha."
"Oh that girl? Nah she's not my friend...she's my future friend. her name is Jill"
"...oh Gotcha."
by party ninja May 13, 2014
Get the future friendmug. A term used to say something is forward thinking, interesting, you might like to try it out for yourself, or just plain superfreakingawesome. Way Of The Future was started and made popular by Cameron Walker of WeatherStar. It can be abbreviated WOTF.
by RachelVsPoet March 28, 2010
Get the Way Of The Futuremug.