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Messageboard » Public Boards » Main Board » Page No. 66582

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Author: Message:
qqcqxjones
Rank 3
35 Posts
registered: 29.07.2017
19.06.2018, 07:47 offline quote 

The second major security based on bitcoin is starting to trade on the CME.
The CME Group, one of the nation's most significant exchanges of options and futures ,opened up bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures was $20,650, and the digital currency was trading at $20,135 at 6:08 p.m. EST.
The crypto currency has skyrocketed in popularity and equity this year whilst drawing doubts regarding its volatility.
The CME bitcoin futures contracts, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not require factual bitcoin. They will reflect an index of bitcoin price. Each contract will be for 5 bitcoin.


This is article No. 382105, please modify or add main body content.


Bitcoin Futures highlights the Bitcoin CME Futures contract, the Bitcoin Cboe Futures Contract, and the Bitcoin/USD spot rate.
Bitcoin futures based on the Gemini auction prices are traded exclusively at Cboe Futures Exchange. Earlier, CBOE said it has taken precautions to address wild fluctuations, such as suspending trading for two minutes if bitcoin prices went up or down by 10 per cent. This one-sided speculative demand came to an end when the futures for bitcoin started trading on the CME on December 17.

If a long contract in Gold is opened by buying Gold, it is closed by placing a matching sell.
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