CBOE Global Markets Inc setup bitcoin futures

Traditional traders prepare for the launch of bitcoin futures. A cryptocurrency first introduced on 3 January 2009 as a virtual currency among netters will be traded first in a large traditional bourse company as Cboe Futures Exchange by Cboe Global Markets Inc. at 6 p.m. EST (2300 GMT).

The launch has provided an extra step on crypto as the currency of the future. Some market participants are interested in trading more protected and futures contracts are cash contracts based on bitcoin auction price in U.S. dollars. on the Gemini Exchange operated by virtual currency businessman Cameron and Tyler Winklevoss.

The sharp price increase in just the past few weeks may be driven by optimism ahead of the futures rollout. Merchants seem excited about the prospect of a product listed as an exchange without having to sign up for a digital wallet.

The launch of futures is predicted to dampen some sharp moves where volatility in the long run should drop after major institutions are involved. Traditional exchange will facilitate the discovery of prices and bets to be more targeted and better.