The se <a href="
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The CME Group, one of the US's greatest exchanges of options and futures ,started out bitcoin futures for trading at 6 p.m. EST Sunday. The initial price for bitcoin futuress was $20,650, and the virtual currency was trading at $20,135 at 6:08 p.m. EST.
The virtual currency has increased in popularity and worth this year whilst drawing problems about its volatility.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not engage actual bitcoin. They will track an index of bitcoin price. Each contract will be for 5 bitcoin.
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Indeed, the average daily trading volume the month after the CME issued futures was approximately six times larger than when only the CBOE offered these derivatives.
Bitcoin futures, however, allow these big-pocketed investors to keep their hands clean by not touching the commodity itself, but rather a tightly regulated contract that's one step away. The peak bitcoin price coincided with with the day bitcoin futures started trading on the CME.. we argue these price dynamics are consistent with the rise and collapse of the home financing market in the 2000s", the Fed report said. CME Group, the operator of the world's largest futures exchange, launched its bitcoin futures product on December 18, 2017.
A CFD, or contract for difference, is a security that allows two parties to exchange the difference between the opening and closing price of a contract.
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