Chicago Mercantile Exchange bitcoin futures opened higher and opened lower, opening price exceeded 20,000 U.S. dollars

nBankruptcy commentary: December 18, CME Group (CME) officially listed bitcoin futures trading, the opening price exceeded 20,000 US dollars, then by the market price movements have been reversed, fell to 188,600 US dollars. In the meantime, TD Ameritrade (AMTD) also offered CBOE bitcoin futures to investors on Monday, but said it is not offering CME futures contracts yet.n
nTranslation: Clovern
CME Bitcoin futures opened at $ 20,650, breaking the $ 20,000 mark after the CBOE introduced its Bitcoin futures for the week. Bitcoin spot prices have also touched 20,000 highs earlier, then they have some callback.n
CME bitcoin futures prices then dropped to $ 18865. CBOE bitcoin futures prices hover around $ 18,800 near the session low but up sharply from Friday’s $ 18,105.n
CME is much larger in size than CBOE in futures and its bitcoin contract prices come from the prices of the four exchanges. The CBOE contract price is only linked to the price of an exchange Gemini. As a result, CME’s bitcoin futures contracts generate more liquidity and are more likely to stimulate institutional interests while making buying and shorting easier.n
TD Ameritrade (AMTD) will also begin allowing investors to trade CBOE bitcoin futures on Monday, but CME futures contracts will not be available for the time being. TD Ameritrade is one of the largest online brokers that makes it easier for millions of investors to engage in Bitcoin transactions. Interactive Brokers (IBKR) has also provided its clients with CBOE futures contracts. Interactive Brokers said it will begin allowing people to short out bitcoin futures.n
Other differences between CBOE and CME bitcoin futures lie in the fact that CBOE’s bitcoin futures unit is 1 bitcoin, while CME’s bitcoin futures unit is 5 bitcoin.n
As of press time, Coindesk showed bitcoin trading price of 18527.88 US dollars, down nearly 3%, up to 19783.21 US dollars. Coinmarketcap shows bitcoin at 18802.20n
Bitcoin investment vehicle – Bitcoin Investment Trust (GBTC) rose 64% last week, reaching 2,699 US dollars.n

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