Bitcoin Rises After CME, CBOE Move Ahead on Listing Futures
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Bitcoin rose after CME Group Inc. and Cboe Global Markets Inc. said they will offer futures contracts as soon as this month, capping a record-breaking week that made the digital currency the focus of investors from Wall Street to Main Street.
“This is going to bring large sums of money in this area,” said Naeem Aslam, a chief market analyst at TF Global Markets in London. “It sends the message that the product does have some regulation around it and it is trading on the same exchange where other reputable derivatives are.”