Bitcoin Futures Start Trading on CBOE Exchange

Written by:
Guest
Published on:
Dec/11/2017

NEW YORK (Reuters) - The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.


Bookmaker now accepting most forms of crypto-currencies

The first bitcoin future <0#XBT:> trades kicked off at 6 p.m. (2300 GMT) on CBOE Global Markets Inc’s CBOE Futures Exchange.

Bitcoin January futures were at $15,940 (11,905.3 pounds), with 398 contracts traded, after having opened at $15,460.

The futures are cash-settled contracts based on the auction price of bitcoin in U.S. dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.

On Sunday, bitcoin was up 2.62 percent at $14,990 on the Luxembourg-based Bitstamp exchange. On the Gemini Exchange, it was at $15,600.

Business/Financial News

GME Halted Today Betting Odds Now Up

On Friday, the stock closed lower by 39% after the company reported fiscal first-quarter earnings ahead of its schedule and Roaring Kitty (Keith Gill) held a live stream.

Roaring Kitty Charged in 2024 Betting Odds

On Monday June 3, the GameStop price was surging once again after the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo.

Syndicate