Bitcoin bounced back on Friday, after an eventful week for cryptocurrency, while CME Group (NASDAQ: CME) confirmed the launch of futures in two weeks.
On Bitfinex stock exchange based in the United States, Bitcoin is at $ 10,525.00 at 9:41 AM ET (14: 41GMT), up 6.24% after touching $ 10,760 earlier.
"As of Sunday, December 17, 2017, with a view to Monday, December 18, 2017 and pending any relevant regulatory reviews by the CFTC, the Chicago Mercantile Exchange Inc. (" CME "or" Exchange ") will establish the Bitcoin Futures Agreement. (code: BTC, chapter 350) for trading on the CME Globex electronic trading platform, and for clearing bid via CME ClearPort, "announces the stock market in a press release.
CME and its competitor Cboe had already announced that they would release both bitcoin futures this year, while Nasdaq also planned to launch its own derivatives contract in 2018.
Bulls' hope for digital currency is that the launch of futures will allow institutional investors to enter the game because they are generally not allowed to invest in unregulated assets. The launch of futures contracts can change the game because these exchanges are all closely supervised by the regulators.