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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.

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