E*Trade to Let Clients Trade Cboe Bitcoin Futures Contracts

Bitcoin Futures Trading: Cboe vs. CME

E*Trade Financial Corp. said it will allow customers to trade bitcoin futures from Cboe Global Markets Inc., joining competitors in offering the contracts after monitoring their debut earlier this month.

Cboe futures are “now available,” the New York-based online brokerage wrote on its website late Wednesday. A spokesman confirmed the move.

Cboe and CME Group Inc., two of the largest U.S. exchange operators, introduced futures based on bitcoin over the past two weeks. TD Ameritrade Holding Corp. and Ally Financial Inc.’s Ally Invest already said they will let users invest in contracts. Interactive Brokers Group Inc. facilitates both long and short positions, letting clients bet prices may rise or fall.

Read more: As brokers line up to offer bitcoin futures, others are quiet

Bitcoin emerged in the fallout of the 2008 financial crisis as an alternative to banks and government-issued currencies. The new breed of futures contracts, effectively bringing bitcoin to Wall Street, show the digital currency also appeals to mainstream investors -- far beyond the original niche of rebels challenging the role of fiat currency.

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