CBOE to Begin Bitcoin Futures Trading on December 10

Cboe announces bitcoin futures to start trading Sunday

Cboe announces bitcoin futures to start trading Sunday

CME Group said trading would be available on its CME Globex electronic trading platform from 18 December.

According to the official release, CME Group has self-certified the initial listing of its Bitcoin futures contract, which will be listed on and subject to the rules of CME. CME Group and CBOE Global Markets exchanges will offer investors Bitcoin futures from later this month.

CME's bitcoin futures will be based on a "Bitcoin Reference Rate", which the company describes as "a once-a-day reference rate" based on the US-dollar price of the coins. One bitcoin was worth just a fraction of a penny when it started trading in 2010, and by the start of this year was worth $1,000.

The recent wave of optimism concerning bitcoin futures has added to investor hopes that bitcoin exchange-traded funds will follow the launch of bitcoin futures, which would cement bitcoin as an established asset class, raising hopes of a surge in institutional demand. They will also be cash-settled, similar to CME's bitcoin futures.

Ali Expects Critics to Discredit His Win Because Miguel Cotto is 'Old'
The punch that he once would have landed now misses by inches, and the punch the other guy would have missed now finds the target. Cotto said he hurt his left biceps in the seventh round, per the HBO broadcast. "I don't want to make excuses", he said.

Bitcoin's price has soared tenfold this year, but many market participants warn of a bubble as it topped $11,000 for the first time last week.

The launch of the first bitcoin futures contracts on a regulated US exchange is expected to be a watershed moment for the cryptocurrency industry. "We are committed to encouraging fairness and liquidity in bitcoin markets". CBOE has already expressed its desire to list these products, and - just this week - The Wall Street Journal reported Nasdaq Inc. hopes to list bitcoin futures on one of its USA exchanges during the first half of 2018.

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.

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