CME and CBOE Receive Regulatory Approval for Bitcoin Futures Contracts

[raaner12]

The past few weeks have brought major changes for Bitcoin in the financial sphere. More specifically, we are seeing more and more entities attempting to expose customers to Bitcoin. Both CME Group and CBOE Global Markets have now officially received regulatory approval to offer their Bitcoin futures. This is a big milestone for the world’s leading cryptocurrency, to say the very least.

US Regulator Approves Bitcoin Futures Trading

It was only a matter of time until the Commodity Futures Trading Commission rendered its verdict on Bitcoin futures trading. With both CBOE Global Markets and CME Group hoping to offer these products before the end of 2017, such a decision had to be rendered pretty quickly. With regulatory approval now having been granted, we may see a lot more bullish Bitcoin price action in the very near future.

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[Priyankasharma1]

Nice post! Unregulated Bitcoin futures trading has already been there in existence for a while. But they have failed to attract institutional investors, who have mostly stayed away in the crypto-currency. However, the entrance of CME and CBOE is expected to change the circumstance. Here is the link to the article which tells about CBOE and CME Bitcoin Futures-
http://www.unkrypted.com/bitcoin-future ... e-and-cme/