The second major security based on bitcoin is opening to trade on the CME.
The CHICAGO MERCANTILE EXCHANGE Group, one of the USA's greatest exchanges of options and futures ,started out bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futuress was $20,650, and the digital currency was trading at $20,135 at 6:08 p.m. EST.
The digital currency has increased in popularity and price tag this year although drawing problems relating to its volatility.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not need factual bitcoin. They will reflect an index of bitcoin price. Each contract will be for 5 bitcoin.
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Bitcoin Futures are trading near 500 points higher than they were last week.
Cboe Global Markets (Cboe), the futures exchange that launched Bitcoin futures trading in December 2017, conducted the settlement of the Cboe Bitcoin (XBT) futures contract with April expiry, which is the fourth contract settlement carried out since its introduction. The peak bitcoin price coincided with the day bitcoin futures started trading on the Chicago Mercantile Exchange (CME). The first U.S. bitcoin futures are here.
Instead of buying Ethereum directly you are taking a short or buy position.
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