Tell us what you think: How will the launch of bitcoin futures affect the cryptocurrency?

by Dramelin 11:30 PM 0 comments

Bitcoin prices rose after futures of the cryptocurrency began trade on the Cboe Futures Exchange for the first time on Sunday evening U.
The futures, which trade under the `XBT` ticker, briefly turned negative, but quickly reversed those losses to trade at $16,860 at 9:05 p.
New York time.
That was some 9.
06 percent above the opening price of $15,460 for the January contract.
Among the benefits bitcoin futures will bring about to traders are improved transparency, price discovery and liquidity, according to the Cboe.
Following the Cboe`s launch, CME Group is set to start trading bitcoin futures one week later on Dec.
18, while Reuters has reported that the Nasdaq plans on launching bitcoin futures in 2018.