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Bitcoin Heads to Wall Street Whether Regulators Are Ready or Not

  • CME, CBOE futures bring bitcoin to banks it was built to beat
  • Regulators have struggled to sort out just what bitcoin is
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Bloomberg’s Rob Urban reports on the CME and CBOE opening up Bitcoin future exchanges.(Source: Bloomberg)
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Two U.S. exchanges, including the parent of the venerable Chicago Mercantile Exchange, are racing to embrace bitcoin, dragging federal regulators into a realm skeptics call a fad and fraud.

The development shows how some big financial players are moving to co-opt the volatile cryptocurrency and lure more mainstream investors into the market, even before regulators have agreed on just what bitcoin is.