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qqjpojones
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registered: 29.07.2017
08.06.2018, 16:35 offline quote 

The second major financial instrument based on bitcoin is setting up to trade on the Chicago Mercantile Exchange.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US's premier exchanges of options and futures ,started bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures contractss was $20,650, and the virtual currency was trading at $20,135 at 6:08 p.m. EST.
The digital currency has exploded in popularity and profit this year whilst drawing problems about its unpredictability.
The CME bitcoin futures contracts, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not need actual bitcoin. They will follow an index of bitcoin price. Each contract will be for 5 bitcoin.


This is article No. 76956, please modify or add main body content.


The Futures Industry Association has criticised the US regulator's approval of bitcoin futures.
The CME Bitcoin futures market, for example, has a volume of 5 BTC and a margin requirement of 43 %. Despite the (well-founded) protests of JPMorgan, Citigroup and other Wall Street brokers, bitcoin futures are set to go live Sunday evening at 6:00 p. Bitcoin Futures highlights the Bitcoin CME Futures contract, the Bitcoin Cboe Futures Contract, and the Bitcoin/USD spot rate.

This allows you to take advantage of shifts in the market without actually owning any Ethereum.
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