The 20% decline in bitcoin futures prevented subsequent trading below $12,, leading to minimal volume for about a minute period in the morning. Later in the day, the contract rebounded. The first U.S. bitcoin futures will start trading next week, as dueling Chicago futures exchanges seek to cash in on surging investor interest in the digital currency. Cboe Global Markets Inc.'s new bitcoin futures will go live at 5 p.m. Central time on Dec. 10, with the first full day of trading set for Dec. 11, the firm said Monday. Dec 04, · The first U.S. bitcoin futures will start trading next week, as dueling Chicago futures exchanges seek to cash in on surging investor interest in the digital currency.
First u.s. bitcoin futures to start trading next week
How CME's First Week of Bitcoin Futures Trading WentCboe is working with online brokerages to allow retail investors to start trading its bitcoin futures as soon as possible, a spokeswoman for the company said. Bitcoin futures would allow traders to bet on rises and falls in the digital currency, similar to the way oil, corn or gold futures work. The emergence of bitcoin futures could make it easier for both Wall Street banks and small investors to trade bitcoin.
Still, many financial institutions remain wary of bitcoin due to its volatility, uncertain regulatory status and lingering association with illicit activity.
Skeptics call it a bubble. Announcements by Cboe and CME that they would seek to launch bitcoin futures were seen as a vote of confidence in the digital currency. The race between the two rivals could determine which exchange establishes the dominant bitcoin futures contract. Dow Jones The first US bitcoin futures will start trading next week, as duelling Chicago futures exchanges seek to cash in on surging investor interest in the digital currency.
Cboe Global Markets's new bitcoin futures will go live at 5 p. Central time on 10 December, with the first full day of trading set for 11 December, the firm said Monday. That gives Cboe a head start on CME Group, its larger crosstown rival, which plans to launch its own bitcoin futures on 18 December. Cboe is working with online brokerages to allow retail investors to start trading its bitcoin futures as soon as possible, a spokeswoman for the company said. Bitcoin futures would allow traders to buy in on rises and falls in the digital currency, similar to the way oil, corn or gold futures work.
The emergence of bitcoin futures could make it easier for both Wall Street banks and small investors to trade bitcoin. Still, many financial institutions remain wary of bitcoin due to its volatility, uncertain regulatory status and lingering association with illicit activity. Sceptics call it a bubble. Announcements by Cboe and CME that they would seek to launch bitcoin futures were seen as a vote of confidence in the digital currency.
The race between the two rivals could determine which exchange establishes the dominant bitcoin futures contract. Its first trading floor was a space that had once been the smoking lounge for the Chicago Board of Trade - an exchange that is now part of CME.
Indices Forex Commodities Cryptocurrencies. For traders. News and features Capital. Professional clients Institutional Economic calendar. Learn to trade. Commodities trading guide Forex trading guide Crypto trading guide Indices trading guide Trading strategies guide Trading psychology guide Glossary Courses.
Why Capital. Our Global Offices Is Capital. Get the app. Log In Trade Now.
I apologise, but, in my opinion, you are not right. I suggest it to discuss. Write to me in PM, we will talk.