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The second major financial instrument based on bitcoin is launching to trade on the CME.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US's major exchanges of options and options contracts ,started bitcoin futures and options 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 profit this year whilst drawing fears about its unpredictability.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not require factual bitcoin. They will measure an index of bitcoin price. Each contract will be for 5 bitcoin.
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Here's how they work and what you need to know before they begin trading.
18, and the fact the futures markets can exceed the market for their underlying asset, here's what yo know about bitcoin futures. EST for Cboe Bitcoin Futures and at 4:00 p. The Commodity Futures Trading Commission and the National Futures Association regulate the futures markets.
A CFD (contract for difference) is a popular type of derivative product that gives traders the ability to speculate on, or hedge on movements in the underlying equity indices and commodities without the need to physically own those assets.
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