Bybit is reportedly going to make a BTC/USD quarterly futures contract available starting the end of November, which comes with a prolonged speculation time on the crypto asset. 

Specifically, two contracts which will be available upon release – BTCUSD1225, settling on Dec. 25, 2020, and BTCUSD0326, which will be settled on March 26 the following year. 

Bybit reportedly disclosed that there are no funding fees tied to the new futures contracts, consequently allowing traders to hold the position charge-free for as long as the period the contracts last. 

With features similar to traditional futures contracts, Bitcoin (BTC) futures reportedly enable selling and purchasing activities of the digital coin at a predetermined price at a specific future date.

Numerous different trading platforms have made quarterly Bitcoin futures available prior to Bybit’s initiative. Top-tier crypto exchange platform Binance has reportedly rolled out its quarterly BTC futures contracts at the beginning of 2020. 

Demand for crypto derivatives is reportedly experiencing a surge, since an increasing number of institutional investors have joined the scene. Latest insights from Wilshire Phoenix reportedly indicated that CME Bitcoin futures are creating noteworthy effects on the price value of the digital currency. 

“CME Bitcoin futures have grown to become significant, this is not only demonstrated through trading volume and open interest, but also by influence on spot price formation.”

Rolled out in December 3 years ago, CME Bitcoin futures managed to secure the second spot for largest BTC futures exchanges, open interest-wise.