Bitcoin futures start trading, get overwhelming demands

11 December, 2017, 13:52 | Author: Regina Silva
  • Bitcoin futures start trading, get overwhelming demands

Bitcoin futures have fallen back slightly from their overnight high.

Bitcoin prices have climbed after Chicago's CBOE exchange launched cryptocurrency futures trading, following regulatory approval by U.S. authorities earlier this month.

The futures contracts may open the door to greater inflows of institutional money, while also making it easier to bet on bitcoin's decline.

Bitcoin was up more than 10% at $16,623 (£12,419) in morning trading on Monday, according to Coindesk.com, which is one of a number of exchanges tracking the digital currency's price.

When Bitcoin was first created in 2009 it was only worth a few cents.

Early this month, it jumped about 40 percent in 40 hours, smashing through five separate US$1,000-barriers and surging past US$16,000.

Brokerages Expect Kite Realty Group Trust (KRG) to Post $0.50 EPS
The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The California State Teachers Retirement System holds 147,249 shares with $3.65 million value, down from 162,613 last quarter.


Pakistani women protest USA move on Jerusalem
She said the USA continued to be "committed to achieving a lasting peace agreement", and accused the United Nations of bias. Netanyahu was an outspoken critic of efforts by former French president Hollande to push a Middle East peace process.


Roma: è morto Lando Fiorini, il "cantattore" simbolo della Capitale
Un romano verace, dall'animo semplice, buono e generoso, il cantante avrebbe compiuto 80 anni a gennaio. E' in questo periodo, infatti, che il cantante partecipa a Canzonissima e a Un disco per l'estate.


Trading in the first-ever bitcoin futures began at 5 p.m. central time. According to CBOE, more than 800 Bitcoin futures contracts were traded in the first 2 hours of trading.

The CBOE's competitor exchange, the Chicago Mercantile Exchange, will start trading its own futures on December 18.

The current price for Bitcoin futures is $18,630 for January 17 expiration date and $19,140 for February 14 expiration date.

It has received such a wild reception that heavy traffic crashed the exchange provider's website and high volatility halted trading for two minutes.

Hussein Sayed, chief market strategist at online broker FXTM, said the futures launch marked a "new phase" for the cryptocurrency. At launch, CBOE tweeted to warn that its website was running slowly and could be temporarily unavailable.

The CBOE futures do not involve actual bitcoin; they're securities that will track the price of bitcoin on Gemini, one of the larger bitcoin exchanges. In another step toward legitimacy, it made its debut on a major global exchange on Sunday after gaining USA regulatory approval - a milestone for a controversial digital currency that has no central bank backing and no legal exchange rate.

Recommended:

  • Stricker, O'Hair win QBE Shootout

    Stricker, O'Hair win QBE Shootout

    After four birdies on their first seven holes, they parred seven straight holes from No. 8 to 14 before their next birdie came at the par-4 15th.
    Warriors' Draymond Green (shoulder) will play Friday night

    Warriors' Draymond Green (shoulder) will play Friday night

    He got into the lane, drew three defenders and put up an off-balance shot, but didn't get a foul call. Here's how the win over the Pistons went down.

    AbbVie Inc. (NYSE:ABBV) Shares Bought by Swiss National Bank

    As per Tuesday, March 15, the company rating was initiated by Deutsche Bank. (NASDAQ:FFIV) rating on Tuesday, October 10. BidaskClub raised AbbVie from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 6th.
  • Afghanistan to play first-ever Test in India: BCCI

    Afghanistan to play first-ever Test in India: BCCI

    Now we are in a position where we have to pay Rs 850 crore fine after losing the arbitration to Kochi Tuskers. This was among several decisions taken by the BCCI Special General Meeting.
    President Trump Coming To South Florida For Weekend

    President Trump Coming To South Florida For Weekend

    The inscription states: "To a sweeter more attractive girl I could not say Merry Christmas". "Get out and vote for Roy Moore! ". Moore has also denied writing the yearbook entry - and demanded Nelson's evidence be examined by a handwriting expert.
    CVS Health Corp (NYSE:CVS) Shares Bought by Oarsman Capital Inc

    CVS Health Corp (NYSE:CVS) Shares Bought by Oarsman Capital Inc

    Out of 4 Wall Street analysts rating CVS Health, 1 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". BMO Capital Markets maintained it with "Outperform" rating and $62 target in Friday, October 27 report.
  • S. Korea, US, Japan hold missile tracking exercise

    S. Korea, US, Japan hold missile tracking exercise

    South Korea's wartime command was handed over to the US forces after the 1950-1953 Korean War broke out. Seoul is among the first to respond to North Korea's November 29 missile launch with fresh sanctions.
    Celebrate 30 Years of Street Fighter With Street Fighter 30th Anniversary Collection

    Celebrate 30 Years of Street Fighter With Street Fighter 30th Anniversary Collection

    See how your favorite characters have changed over time by reading up on their backgrounds, stories, and personal traits. Along with the OG, you'll get 11 classic games from Street Fighter II , through to Street Fighter III: Third Strike .
    Blues' Jaden Schwartz out at least 6 weeks after injuring ankle

    Blues' Jaden Schwartz out at least 6 weeks after injuring ankle

    Louis Blues President of Hockey Operations and General Manager, made the announcement today. He recorded a career-high 36 saves in Vegas' 5-3 win over the Dallas Stars on Saturday.
  • Schlumberger LTD (SLB) Stock Declined While Dodge & Cox Has Lifted Holding

    Finally, SunTrust Banks reiterated a "hold" rating on shares of Schlumberger in a research note on Tuesday, October 31st. Carnegie Capital Asset Management LLC raised its holdings in shares of Schlumberger by 4.5% during the 2nd quarter.
    France's Lactalis orders baby milk recall over salmonella fears

    France's Lactalis orders baby milk recall over salmonella fears

    It is caused by intestinal bacteria from farm animals, is risky for the very young and the elderly due to the risk of dehydration. According to French health authorities, about 26 babies in the country have become sick since the beginning of the month.
    Putin orders withdrawal of Russian troops on surprise Syria visit

    Putin orders withdrawal of Russian troops on surprise Syria visit

    It is the first time he has visited Syria, and comes as Bashar Assad's forces have now taken control of most of the country. On December 6, the Russian military said Syria is fully liberated from terrorists.


Popular

South Dakota Investment Council Cuts Holdings in United Technologies Corporation (UTX)
American Intl Group Inc Incorporated Inc invested 0.12% of its portfolio in United Technologies Corporation (NYSE:UTX). The stock of United Technologies Corporation (NYSE:UTX) earned "Neutral" rating by Citigroup on Monday, October 10.

Huge black hole discovered after several years of Big Bang
Quasars are incredibly bright objects deep in the cosmos, powered by black holes devouring everything around them. Only one other quasar has been found in this ultra-distant category, despite extensive scanning.

Police take children Christmas shopping
Michael Thomas of the Carroll County Sheriff's Office said this a great way for the community to interact with law enforcement. Bryan McLimore said. "A lot of times when they see us, somebody in the family's going to jail or having issues at the house".

Monday's matchup: Celtics at Bulls
On Sunday, the Celtics held Detroit to a season low in points and forced it to miss two-thirds of its shots. Zach Randolph had 19 points and 11 rebounds for the Kings, and Buddy Hield added 17 points.

Male Porn Star Accused of Cyberbullying August Ames Speaks Out
James , still in shock over the news, told Sun Online he blamed bullies for his sister's death. "It cost me my baby sister's life. The death of the adult film star happened after she was criticized on the social media.

Sushma holds trilateral meet with Chinese, Russian Foreign Ministers
The meeting between the foreign ministers is part of the Russia-India-China (RIC) trilateral meeting. Ms Swaraj also held a bilateral meeting with Russian Foreign Minister Sergey Lavrov.

City claim victory in Manchester derby
Given that Pep Guardiola's side are yet to lose a league game this season it will require a sensational slump in form for City to lose the title race.

Intruder identified after being shot and killed by Lawrence County homeowner
The police and medical examiner will likely have to try to identify the burglar by matching fingerprints, he said. As for the second man, he is still not in custody, but Don said he wouldn't have hesitated to shoot him as well.

UAE's Al Jazira to play Real in Club World Cup semis
On Saturday, December 16, Real Madrid will play the third and fourth place match or the final depending on the result of the semifinal.

Costco Wholesale's (COST) "Hold" Rating Reiterated at Guggenheim
The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Buy" rating given on Thursday, December 3 by Stifel Nicolaus. The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Buy" rating given on Friday, October 2 by Sterne Agee CRT.