As Traders Await Bitcoin Futures, Margin Requirements Are High
- Cboe alerted traders this week that initial margin is 44%
- The cryptocurrency has seen major price swings in recent days
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Among the complications in trading bitcoin future contracts that launch this Sunday: People speculating on the cryptocurrency will need to put more cash on the table.
Options Clearing Corp. has set the initial margin requirements at 44 percent of the daily settlement price. Cboe Global Market Inc., which announced that amount on Monday, hasn’t updated it through bitcoin’s wild price swings in the days since. It was raised to that level from 33 percent “in view of bitcoin price volatility,” the exchange operator said at the time.