{"id":382560,"date":"2017-12-12T07:31:26","date_gmt":"2017-12-12T07:31:26","guid":{"rendered":"http:\/\/citifmonline.com\/?p=382560"},"modified":"2017-12-12T07:31:26","modified_gmt":"2017-12-12T07:31:26","slug":"bitcoin-futures-trading-begins-cboe-exchange-chicago","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/12\/bitcoin-futures-trading-begins-cboe-exchange-chicago\/","title":{"rendered":"Bitcoin futures trading begins on CBOE exchange in Chicago"},"content":{"rendered":"
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":[],"categories":[106],"tags":[9776],"yoast_head":"\n