First US Bitcoin Futures to Start Trading Next Week

Cboe announces bitcoin futures to start trading Sunday

The CEO is optimistic about bitcoin futures trading at CME as he stressed that they have worked closely with CFTC and interested parties to come up with a system that will provide investors with transparency, price discovery and risk transfer capabilities. None of the bad news and adverse comments about bitcoin seemed to matter to the bitcoin bulls and speculators who were intent on pushing the prices higher and during the course of this period, they managed to achieve the coveted target of $10,000 which was a huge psychological mark which numerous investors and traders would have had in their mind some months back.

CME is not the only US exchange that is going to add bitcoin futures to their product offerings.

Cryptocurrency that trades 24 hours a day and seven days a week, climbed as high as $11,799.99 on the Luxembourg-based Bitstamp exchange.

The fact that this price was achieved much before the end of the year and that the prices overshot this region to move beyond the $11,000 region during the month was a sample of how strong this bull run has been during the month of November. We are committed to encouraging fairness and liquidity in the bitcoin market.

The cryptocurrency was last up 0.4 percent at $11,290.

Due to its volatility, bitcoin futures will be subject to higher margin levels and intraday price limits, the CME said.

The new contract will be listed on, and subject to the rules of, CME. But there are a couple of differences between bitcoin futures trading at the two exchanges. Bitstamp, GDAX, itBit and Kraken are the constituent exchanges that now contribute the pricing data for calculating the BRR.

The announcement from the Commodity Futures Trading Commission (CFTC) that it will allow the futures to be traded was seen as a watershed moment for the currency.

However, despite the cash-settlement process, some institutional investors have expressed concern at the addition of bitcoin-derived products to CME.

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