Bitcoin: CBOE To Trade Options And Futures And Push Bitcoin Higher
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December 10, 4: Last Updated December 18, 6: New futures contracts based on the price of the digital currency began trading Sunday on the Chicago Mercantile Exchange, a week after bitcoin futures launched on rival exchange Cboe. A week earlier on Cboe, bitcoin futures jumped about 20 per cent on volume of 4, contracts. The CME bitcoin options chain cme, like traded on Cboe, do not involve actual bitcoin.
The growing enthusiasm for bitcoin has raised questions over whether its value has gotten too frothy. The Securities and Exchange Commission put out a statement last week warning investors bitcoin options chain cme be careful with any investment in bitcoin or other digital currencies.
Further, the Commodities Futures Trading Commission has proposed regulating bitcoin like a commodity, not unlike gold, silver, platinum or oil.
Futures are a type of contract where a buyer and seller agree on a price on a particular item to be delivered on a certain date in the future, hence the name. Futures are available for nearly every type of security out there, but are most familiarly used in bitcoin options chain cme, like oil wheat, soy and gold. Such currencies are not tied to bitcoin options chain cme bank or government and allow users to spend money anonymously.
They are basically lines of computer code that are digitally signed each time they are traded. A debate is raging on the merits of such currencies. Some say they serve merely to facilitate money laundering and illicit, anonymous payments. Others say they bitcoin options chain cme be helpful methods of payment, such as in crisis situations where national currencies have collapsed.
The CME Group, another security based on the price of bitcoin, the digital currency that has soared in value and volatility this year, began trading on the Chicago Mercantile Exchange on Sunday, Dec. Ken Sweet And Alexandra Olson. Filed under PMN Business. Each contract sold on the CME is for five bitcoin. Not that long ago lithium was the it-mineral but miners are finding it harder to raise capital now that fears of over-estimated electric-car uptake have crept onto the scene.
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