The Bitcoin futures exchange CME Group (CME) launched at $20 650, breaking the mark of $20 000 in a week after futures cryptocurrency launched the Global Markets Cboe (CBOE). On the spot markets, Bitcoin is trading above $19 000.
In the first hour of trading has sold more than 200 of the January contracts. Were also purchased 1 February, 1 March and 2 June contract at a price of $20 000, $20 030 $20 040 respectively:
CME Group is the world’s largest operator of futures exchanges. A contract from the CME Group is based on prices of the four stock exchanges, while the CBOE contract tied to only one – Gemini. So the contract for Bitcoin CME provides much higher liquidity and more likely to attract the interest of institutional investors. Also it is easier to buy and short sell.
TD Ameritrade (AMTD) will allow their investors to trade futures on Bitcoin CBOE today it expects a contract from the CME. TD Ameritrade is one of the largest online brokers, making it easier for millions of investors participating in the auction. Interactive Brokers (IBKR) has allowed its clients to take short position with futures contracts on the Bitcoin.
Futures exchange CBOE and CME differ in the fact that the basis of the futures contract will Soleit one Bitcoin, and CME – five.
Bitcoin was trading at $19 321.39 on Coindesk – fell slightly after reaching $19 783.21. On Coinmarketcap Bitcoin was worth $19 573.60.
The share price of the investment company Bitcoin Investment Trust (GBTC) last week increased by 64% to $2 699.