Bitcoin Monthly Outlook - December 2017

Bitcoin Monthly Outlook - December 2017

Bitcoin Monthly Outlook - December 2017

While CME's announcement sent bitcoin's price hurtling past the $11,000 mark for the second time last week, CBOE's release hasn't had the same effect. The CME, which owns the Chicago Mercantile Exchange, said Friday the initial.

In an unexpected development, the Chicago-based Cboe Futures Exchange (CFE) has announced it will list bitcoin futures contracts for trading on December 10.

The Chicago Board Options Exchange (CBOE) has announced that its planned bitcoin futures product will begin trading on December 10.

The fact that this price was achieved much before the end of the year and that the prices overshot this region to move beyond the $11,000 region during the month was a sample of how strong this bull run has been during the month of November. Bitcoin itself is now bought and sold on platforms that are virtually unregulated, which has made some money managers uncomfortable with the market even as prices soar.

The cryptocurrency was last up 0.4 percent at $11,290.

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Cboe Global Markets Inc.'s new bitcoin futures will go live at 5 p.m. But there are a couple of differences between bitcoin futures trading at the two exchanges.

Bitcoin derivatives will likely attract more heavyweight investors, which will gradually reduce the cryptocurrency's volatility, as well as increase its liquidity and steady its exchange rate with fiat currencies, said Wang Liren, senior researcher at the China Blockchain Research Alliance.

The Commodity Futures Trading Commission said it had discussions with the exchanges to protect consumers from extreme price swings.

One of the key points about bitcoin futures trading is that there will be no handling of bitcoin at all and the futures will be cash-settled. CBOE has already expressed its desire to list these products, and - just this week - The Wall Street Journal reported Nasdaq Inc. hopes to list bitcoin futures on one of its USA exchanges during the first half of 2018.

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