CoinDesk Bitcoin Futures Contracts Introduced by ICE Futures Singapore
ICE Futures Singapore has partnered with CoinDesk Indices (CDI) to rebrand its bitcoin futures contracts. The new contracts will be known as CoinDesk Bitcoin Futures contracts (BMC). The press release states that the BMC will use the CoinDesk Bitcoin Price Index (XBX) for monthly contract settlement. XBX has been operational since 2014 and serves as a benchmark for approximately $17 billion of assets under management in investment vehicles.
Expanding Presence in APAC Region
Andy Baehr, the managing director at CoinDesk Indices, expressed excitement about expanding their presence in the Asia-Pacific (APAC) region through this collaboration. He emphasized CDI’s commitment to serving global markets and providing top-notch solutions to marketplace participants.
About CoinDesk
CoinDesk is a subsidiary of CoinDesk.
Hot Take: ICE Futures Singapore Partners with CoinDesk Indices to Launch New Bitcoin Futures Contracts
ICE Futures Singapore has joined forces with CoinDesk Indices to introduce a rebranded version of its bitcoin futures contracts. The newly named CoinDesk Bitcoin Futures contracts will utilize the CoinDesk Bitcoin Price Index for contract settlements. This collaboration marks CDI’s expansion into the APAC region, highlighting their dedication to global markets and delivering high-quality solutions. With XBX serving as a benchmark for billions of dollars in managed assets, the partnership aims to provide market participants with reliable and efficient trading options.
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