Bitcoin Futures Trading Brings Crypto Into Mainstream
- Cboe contracts open Sunday night in wild year for bitcoin
- CME futures to start trading Dec. 18 as traders gear up
Bitcoin Futures Start Trading on CBOE
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The intersection of digital money and traditional finance is at 400 South LaSalle Street in Chicago this weekend. That’s where trading in bitcoin futures opens Sunday evening, as the first major U.S. exchange offers a product pegged to the wildly fluctuating cryptocurrency.
The currency has risen more than 1,500 percent this year, and about 85 percent just in the past two weeks, driven largely by demand from individual investors. But even as bitcoin -- launched in 2009 as an alternative to banks -- divides Wall Street executives and central bankers worldwide, those kinds of gains are a powerful magnet.