Bitcoin Futures are Live

The cryptocurrency now has tradable futures which boosted its price once again.

Economic News
11 gru 2017
Bitcoin Futures are Live

As yet another step in the direction of regulating and normalizing cryptocurrencies, Bitcoin futures are already live on CBOE Global Markets (Chicago, US). This instrument became available yesterday and demand was so high that the CBOE website actually experienced a traffic-induced crash for some time.

Bitcoin futures on CBOE went up to $15,460, then declined for a time and returned back up all the way up to $18,700, and this morning they still remained above the $18,000 threshold.

In Europe Bitcoin has been trading for some time in the Luxembourg Bitstamp. The prices there were around $16,100, which is still a remarkable increase.

In the United States the basis price taken for the futures is from the Gemini Exchange where cryptocurrencies are traded. There, too, Bitcoin was above $16,000.

Nevertheless, some analysts still advise caution when dealing with Bitcoin. Due to the nature of cryptocurrencies and the fact that they are not tied to anything, it is difficult to estimate whether their price matches their real value, which is why many experts have been warning against investing too much in them, in case it turns out they are a bubble. For traders who like to be careful but also wish to tap into the dynamic Bitcoin market, it is possible to invest in a smaller unit of Bitcoin called a Satoshi, rather than buying whole bitcoins.

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