Invention Grant
- Patent Title: Derivative contracts that settle based on transaction data
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Application No.: US17169688Application Date: 2021-02-08
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Publication No.: US11488245B2Publication Date: 2022-11-01
- Inventor: Ryan Pierce , Mansoor Ahmed , John Plante
- Applicant: Chicago Mercantile Exchange Inc.
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee Address: US IL Chicago
- Agency: Lempia Summerfield Katz LLC
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04 ; G06Q20/38 ; G06Q50/18

Abstract:
The disclosed systems and methods make derivatives contracts based on an underlying virtual currency available for trading. Certain derivatives contracts have a settlement value based on the transaction fees associated with recording and/or performing transactions for the selected virtual currency. The contracts can be used, for example, by virtual currency miners against certain risks associated with mining virtual currency.
Public/Granted literature
- US20210158448A1 DERIVATIVE CONTRACTS THAT SETTLE BASED ON TRANSACTION DATA Public/Granted day:2021-05-27
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