Bitcoin Futures Trading Just Got Bigger

Bitcoin Futures Trading Just Got Bigger

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Bitcoin has become the talk of the town with solid appreciation and more financial institutions beginning to trade it. Though the government has warned against investing in Bitcoin, the involvement of top financial institutions says otherwise. Sunday, financial market giant CME Group launched Bitcoin futures trading causing the coin to hit new highs reaching a few hundred dollars shy of $20,000.

The trading of Bitcoin futures (contracts that let investors buy or sell it in the future at a specific price) by major financial institutions further legitimizes the coin, though not a physical asset. It has appreciated 1700% since January with the belief that more mainstream investors will start trading it. Some claim it to be a huge and unpredictable bubble, but with institutions CME and Cboe trading it and others looking to get involved, the market says otherwise. In fact, Nasdaq is expected to launch its own form of Bitcoin futures trading.

Source: http://money.cnn.com/2017/12/18/investing/bitcoin-cme-futures/index.html


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Phone: 949-683-5374
Dated: December 18th 2017
Views: 78
About Liz: An Orange County native and Team Manager of The Kurt Real Estate Group with a heavy background in bo...

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