This is article No. 34511
The second major future based on bitcoin is preparing to trade on the Chicago Mercantile Exchange.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US"s largest exchanges of options and futures ,started out bitcoin options contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures was $20,650, and the crypto currency was trading at $20,135 at 6:08 p.m. EST.
The crypto currency has exploded in popularity and worth this year while drawing doubts about its unpredictability.
The CME bitcoin options 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. 37134, please modify or add main body content.
The letter suggests that the Bitcoin price didn"t collapse overnight after the futures launch by CBOE and CME due to relatively low trading volume of Bitcoin in the futures market.
Trading directly on CME is not possible unless you are a broker yourself. 18, and the fact the futures markets can exceed the market for their underlying asset, here"s what yo know about bitcoin futures. 18, and the fact the futures markets can exceed the market for their underlying asset, here"s what yo know about bitcoin futures.
A CFD is a contract between two parties.