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Essay No. 78947

已有 59 次阅读2018-6-18 23:51

The second major derivative based on bitcoin is starting out to trade on the CME.

The CME Group, one of  the nation's premier exchanges of options and futures ,opened up bitcoin futures and options for trading at 6 p.m. EST Sunday. The initial price for bitcoin futuress was $20,650, and the virtual currency was trading at $20,135 at 6:08 p.m. EST.

The virtual currency has boomed in popularity and value this year even while drawing fears relating to its unpredictability.

The CME bitcoin futures contracts, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not consist of tangible bitcoin. They will follow an index of bitcoin price. Each contract will be for 5 bitcoin.  

 

 

This is article No. 781105,  please modify or add main body content.

 

 

THE newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

According to the CME Group, in December the average daily trading volume was about 1,600 contracts. While Cboe Bitcoin futures was the first to launch, the CME Group is considered to be the world's largest futures exchange. BITCOIN made its anticipated debut on the CBOE futures market this weekend, but traders are worried about the impact this might have on bitcoin prices. 

 

You will then make or lose money depending on the direction that market moves in.

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