Bitcoin futures start trading on CBOE exchange

Bitcoin futures start trading on CBOE exchange

© Reuters.  Bitcoin futures start trading on CBOE exchange© Reuters. Bitcoin futures start trading on CBOE exchange

NEW YORK (Reuters) – The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.

The first bitcoin future <0#XBT:> trades kicked off at 6 p.m. (2300 GMT) on CBOE Global Markets Inc’s (O:) CBOE Futures Exchange.

January futures were at $15,940, with 398 contracts traded, after having opened at $15,460.

The futures are cash-settled contracts based on the auction price of bitcoin in U.S. dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.

On Sunday, bitcoin was up 2.62 percent at $14,990 on the Luxembourg-based Bitstamp exchange. On the Gemini Exchange, it was at $15,600.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

(Why?)

Source

Reply

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.