The Bitcoin Derivatives Market by Cboe Futures

NEW YORK, – The bitcoin derivatives market by Cboe Futures Exchange officially traded the virtual currency on Sunday (10/12/2017) night time US or Monday (11/12/2017) morning local time. The opening of the bitcoin futures market has long been awaited by a number of traders of virtual currency trading.

Quoting CNBC, bitcoin value is at the level of 14.890 per US dollar on Sunday afternoon local time, or equivalent approximately Rp 201 million. Then, the value rose about 600 US dollars to 15,500 US dollars, equivalent to Rp 209.2 million about an hour later.

The index futures exchange rose 2.6 percent to 15,860 US dollars, or around Rp 214.1 million in the early trading session. However, the index had also negative before returning to strengthen.

The Exchange comes with the ticker symbol XBT. According to JJ Kinahan, chief market strategist at TD Ameritrade, so far trading has gone well.

“I think this is the biggest concern of many people, we have traded for 1.5 hours and 700 contracts have been traded, so I say this is a successful launch,” said Kinahan.

Investor interest is also very large against this stock, seen from the page Cboe overload. Although the page is a bit slow, Cboe says, but the trading system still operates normally.

Bitcoin is very popular all year round, making its price soaring. In 2017 alone, the value of bitcoin has strengthened more than 1,000 percent.

Cboe will make a benchmark on the bitcoin futures market based on the Gemini Trust Company, the bitcoin trading center founded by the Winklevoss brothers. Cameron and Tyler Winklevoss, twin brothers, are the first bitcoin billionaire.

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