Bitcoin high profile boarded the mainstream stage

nRunaway commentary: With the introduction of bitcoin futures contracts, the cryptocurrency has entered the mainstream financial circle. CBOE launched a global market for bitcoin futures contracts on December 10, 2017 (Sunday) officially began trading, indicating that the financial community has accepted bitcoin. And, Bitcoin futures will greatly push the advent of bitcoin ETFs. In general, the introduction of Bitcoin futures contracts will bring many benefits to the cryptocurrency ecosystem and will be conducive to the development of this emerging market.n
nTranslation: Inan
Bitcoin futures may generate significant funding for the cryptocurrency marketn


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Bitcoin is debuted in the mainstream financial community with the XBT codename. Many predict that this historic event will bring more participants and capital to the cryptocurrency market. For example, financial institutions and their large sums of money can now participate in Bitcoin transactions. Institutional investors welcome the arrival of such futures as it provides a normative framework for trading cryptocurrencies. In addition, bitcoin futures have boosted market efficiency.n
CBOE said:n
n”Bitcoin futures give traders a lot of benefits, including transparency, effective price discovery, deep liquidity and centralized liquidation.” XBTSM Futures provide participants with a centralized marketplace that allows them to base their trading on bitcoin prices Take a look at the trade, learn bitcoin prices, or hedge existing bitcoin positions. “n
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Bitcoin derivatives open the door to the ETFn


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Bitcoin is inherently volatile, and the arrival of futures may further exacerbate this volatility. In fact, a few hours before CBOE launched its bitcoin futures contract, the cryptocurrency market began to get nervous, as can be seen from the dramatic fluctuations in bitcoin prices. The price of bitcoin dropped from more than 18,000 U.S. dollars on December 8 to about 13,000 U.S. dollars on December 10 and then rose again to the current level of more than 15,000 U.S. dollars.n
This futures has brought a new impetus to the cryptocurrency ecosystem. For example, market regulators will step up censorship. In addition, traders can now shorten the cryptocurrency. It is also possible that the SEC may approve the introduction of Bitcoin ETFs as bitcoin futures appear to be in a regulated environment.n
Spencer Bogart, research director at Blockchain Capital, told ETF.com:n
nEarlier this year, the Securities and Exchange Commission (SEC) rejected the Bitcoin EFT filing because it needed to see the Bitcoin spot market becoming more regulated or needed to see a regulated and functioning derivatives ecosystem system.”n
nThe introduction of bitcoin futures has fully demonstrated that the financial industry finally accepted bitcoin. So if the bitcoin bubble does not burst immediately as many have predicted, it will thrive and provide incredible investment opportunities for financial institutions.n

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