Bitcoin has begun trading on a major exchange for the first time.<\/p>\n
The digital currency launched on the CBOE futures exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall.<\/p>\n
Its value had surged in the run-up to its futures debut, which saw it rise another 17% to above $18,000.<\/p>\n
Bitcoin’s introduction to the CBOE has been seen by some as a step towards legitimising the currency.<\/p>\n
The move is expected to be followed next week by a listing on the rival Chicago Mercantile Exchange.<\/p>\n
CBOE trading saw the Bitcoin futures contract expiring in January start at $15,000 before rising to above $18,000. The contract is based on the price of Bitcoin as quoted on the Gemini exchange.<\/p>\n
The Gemini exchange was set up by the Winklevoss twins, who were early fans of the crypto-currency and who have been called the first Bitcoin billionaires.<\/p>\n
A CBOE insider said its start was low key, with “no champagne”. However, CBOE tweeted to warn that its\u00a0website\u00a0was running slowly and could be temporarily unavailable.<\/p>\n
Anticipation of the first mainstream listings have helped the controversial currency soar past $10,000 and then over\u00a0$17,000 on Thursday\u00a0before retreating. The price of Bitcoin stood at about $16,600 on Monday, according to\u00a0Coindesk.com.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has begun trading on a major exchange for the first time. The digital currency launched on the CBOE futures exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall. Its value had surged in the run-up to its futures debut, which saw it rise another […]<\/p>\n","protected":false},"author":14,"featured_media":382561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[9776],"class_list":["post-382560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/382560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=382560"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/382560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/382561"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=382560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=382560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=382560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}