NASDAQ: Bitcoin Futures Trading On-Line CBOE, Encrypted Currency Meets Important Milestones

nStorms outrage: US Eastern Time at 6 pm this Sunday, the CBOE global market for bitcoin futures (CBOE), the beginning of the transaction price volatility, CBOE website once collapsed. Bitcoin transactions were active in January, with prices up 15% to $ 17,840. Affected by the launch of bitcoin futures, bitcoin prices continued to rise strongly. But JPMorgan Chase CEO Jamie Dimon remains skeptical about cryptocurrencies.n
nTranslation: Clovern
US Eastern Time at 6 pm this Sunday, the CBOE global market for bitcoin futures (CBOE), volatile trading prices, CBOE website once collapsed. Bitcoin transactions were active in January, with prices up 15 percentage points to $ 17,840.n
Bitcoin’s strong upward trend in 2017 has continued to strengthen in recent weeks, rising rapidly from $ 10,000 to last week’s liquidation price of $ 17,000 (in some spot price platforms more than $ 190 million in the quarter), before declining. CoinDesk showed bitcoin trading at 15671.45, up 4%.n
Throughout December CBOE bitcoin futures trading (symbol XBT) will not charge any transaction fee. CME Group, another futures exchange, will launch bitcoin futures trading next Monday (December 18).n
Bitcoin futures are an important milestone, indicating that the major financial exchanges nowadays have accepted digital currency. Futures will increase the liquidity of cryptocurrencies, making it a more recognized investment vehicle. But some of these liquidity come from investors have the opportunity to short the bitcoin.n
Goldman Sachs (GS) will liquidate Bitcoin futures for clients. However, it is reported that JPMorgan and Citigroup (C) will not start to do so at least for now. JP Morgan Chase CEO Jamie Dimon said last week that he is still “highly skeptical” of the cryptocurrency, which he previously called “fraud.” Recently, Goldman Sachs CEO Lloyd Blankfein also said Bitcoin is “not like a currency.”n
TD Ameritrade (AMTD) is one of the brokers that will offer bitcoin futures contracts to individual investors.n
It would be interesting to wait and see the impact of bitcoin futures on the Bitcoin Investment Trust (GBTC). This bitcoin investment vehicle has long existed as an agent for investors investing in bitcoin.n

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