Bitcoin, BTC, kon
Bitcoin started a big foreign exchange trade for the first time.
At 23.00 on Sunday, the CBOE Futures Exchange in Chicago decided to raise investors’ Bitcoin prices.
Your digital currency value has increased to the beginning of your future.
Bitcoin’s CBOE entry was seen as a step towards some legalization currency by some.
The move is expected to be traded on the Chicago Mercantile Exchange next week.
The forecasts of the first major listings helped the controversial currency rise above $ 10,000 on Thursday and then rise to $ 17,000. According to, Bitcoin traded around $ 15,230 on Monday.
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Nick Colas, a Data Trek researcher, told Bitcoin that “legitimate” futures are listed; you know you can trade, “he said.
Futures is a type of derivative contract that allows foreign exchange trading based on movements in Bitcoin prices without the need for ownership.
According to an investor insider comment, the start of the CBOE market was low key with “no champagne”.
However, the CBOE has tweeted that websites are slow and can not be used temporarily, but that all trading systems work normally.
What is Bitcoin?
A digital “alternative” currency, mostly online and not printed or edited by central banks
Bitcoins are passed from a complex process known as “mining”, followed by a global computer network
Approximately 3,600 new Bitcoins are created each day and about 16.5 million are circulating
Just like all currencies, the value is determined by how much people want to buy and sell
CBOE and CME launches are possible with approval by the US Commodity and Futures Commission (CFTC).
However, regulatory investors warned of “potentially high volatility and risk in trading these contracts”.

Their supporters include the first Bitcoin billionaire Winklevoss twins, CNBC financial commentator Jim Cramer.
He argues that futures trading opens doors to “short sellers” who bet on downward movements in asset prices.
Bitcoin is not controlled by any central bank of any country and there is no universally accepted exchange rate.
The Futures Industry Association, which includes some of the world’s largest derivative companies, has criticized the CFTC’s decision and argued that risks can not be underestimated.
He argues that futures trading opens doors to “short sellers” who bet on downward movements in asset prices.

CBOE said the price of the bit would increase by 10% to reduce wild fluctuations, or the trade would be suspended for two minutes.
“We continue to work closely with the CFTC to monitor trade and encourage the growth of transparent, liquid and fair Bitcoin futures markets,” CBOE said.

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