This night is starting to futures Bitcoin Trading. What will be the rules?
This night is starting to futures Bitcoin. After the announcement of the decision, the price of Bitcoin exceeded 10 thousand dollars.
The first orders will be taken tonight after the Bitcoin trade in the US is allowed to be traded.
Chicago Board Options Exchange (CBOE), crypto currency with Bitcoin will start operations tonight. Transactions will be cash-negotiated and no price orders will be taken. At 20% and above, the process will be paused for 2 minutes.
The CME Group, another entity that has been granted Bitcoin approval by US derivative regulator, is preparing to begin operations on December 18th. In these transactions, according to the settlement price of the previous day, 7 percent, 13 percent and 20 percent of the three-stage circuit breaker to apply. Accordingly, in the first and second phase orders will be taken for two minutes. If there is a 20 percent change in the contract price, the transaction will not be allowed.
Beware of hard movements!
Bitcoin prices were experiencing severe fluctuations with the announcement that the two institutions were granted futures on 1 December. Bitcoin, which is at the level of 9-10 thousand dollars on the day of the decision, climbed to record 19 thousand dollars in the past 10 days.
During this period, the size of the fluctuations in the price of Bitcoin also paid attention. On Friday, December 8, Bitcoin dropped from 16 thousand dollars to 19 thousand dollars, and it was reduced to 15 thousand at the same speed. Experts warn against the hard movements seen in crypto currency. It is stated that downward breaks may cause investors to panic and start selling madness.
Do you think Bitcoin will continue to increase or decrease?
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