Bitcoin Futures Contract

A bitcoin futures contract is an agreement to purchase or sell a bitcoin for delivery in the future: (1) at a price that is determined at initiation of the contract; (2) that obligates each party to the contract to fulfill the contract at the specified price; (3) that is used to assume or shift price risk; and (4) that may be satisfied by delivery or offset. Bitcoin futures contracts must be listed and traded on a CFTC-registered derivatives contract market.