Bitcoin futures market gets green light from US regulators

  cme cbot traders REUTERS / John

  • Bitcoin
    futures trading can go ahead in three US exchanges, the
    Commodity Futures Trading Commission said in
  • Futures contracts give operators a way to bet on bitcoins
    prices and get profit without buying the real
  • Bitcoin has increased almost 1,000% against the dollar
    This year as its popularity has grown.
  • Chicago Mercantile Exchange will launch its bitcoin
    futures contracts on December 18.

The United States Commodity Futures Trading Commission said on Friday
It would allow Bitcoin
Futures trading in three exchanges.

In a statement, the CFTC said the Chicago Mercantile
Exchange and CBOE Futures Exchange new self-certificates
contracts for bitcoin futures. The exchange of Cantor
self-certified a new contract for bitcoin binary options.

Futures contracts will allow betting
bitcoin prices without buying the cryptocurrency. Both Cboe
and CME have said that their future bitcoin products
settle in cash.

has gained almost 1,000% against the dollar this year amid
Growing interest from retailers and large money managers. the
futures contracts offered by the establishment's companies could open
door to a wider participation in the bitcoin trade by another wall
Street signatures

The decision of the CFTC came with the warning that bitcoin
it is still a largely unsupervised market.

"Bitcoin, a virtual currency, is a commodity unlike any other
Commission has been engaged in the past, "said the president of CFTC J.
Christopher Giancarlo in a statement.

"We hope that future exchanges, through information
share agreements, supervise commercial activity in
the relevant cash platforms for possible future impacts
price discovery process of contracts, including the potential market
manipulation and market dislocations due to flash rallies and
failures and interruptions in commerce "

He said
his initial list of bitcoin futures will be launched in
Monday, December 18.

 Screenshot 2017 12 01 at 8.13.29 a.m.


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