Article No. 254610

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Article No. 254610

Notapor gtgejones » 19 Jun 2018 01:44

The second major security based on bitcoin is setting up to trade on the Chicago Mercantile Exchange.
The CME Group, one of the US's premier exchanges of options and futures contracts ,made available bitcoin futures 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 increased in popularity and equity this year whilst drawing challenges regarding its unpredictability.
The CME bitcoin options contracts, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not engage actual bitcoin. They will reflect an index of bitcoin price. Each contract will be for 5 bitcoin.


This is article No. 93683, please modify or add main body content.


Here's how they work and what you need to know before they begin trading.
Interactive Brokers has already opened up Cboe bitcoin futures for trading and will allow its clients to dabble in CME Group's bitcoin futures, too. The CME Group has limits on how much a futures contract can move on any one day. A big securities exchange in Chicago on Sunday began selling Bitcoin futures for the first time, something seen by many as an important step toward mainstream usage.

You would then win or lose money depending on what direction the market moves in.
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Re: Article No. 254610

Notapor ketsiri237 » 09 Jul 2018 05:20

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