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Author: Subject: Essay No. 47517
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[*] posted on 19-6-2018 at 12:47 PM
Essay No. 47517

The second major financial derivative based on bitcoin is opening to trade on the Chicago Mercantile Exchange.
The CME Group, one of the nation's most significant exchanges of options and options contracts ,started out bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures contractss was $20,650, and the electronic currency was trading at $20,135 at 6:08 p.m. EST.
The crypto currency has increased in popularity and value this year even while drawing questions regarding its volatility.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not need factual bitcoin. They will monitor an index of bitcoin price. Each contract will be for 5 bitcoin.

This is article No. 877610, please modify or add main body content.

These players know how to play markets, that's their business.
This one-sided speculative demand came to an end when the futures for bitcoin started trading on the CME on December 17. But their warnings contrast with moves like those of CME and and Cboe to start bitcoin futures trading. If you step back, though, it makes sense that the Bitcoin futures market would start slow.

A CFD is a contract between you and the broker.
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