fahdforex Posted March 1, 2018 Report Share Posted March 1, 2018  Bitcoin’s value surged past $7000 on November 2 setting a new high on the back of news that CME Group will offer a futures option later this, the move may be a pre-curser to Bitcoin becoming an exchange-traded fund and acceptance by mainstream finance CME Group’s October 31 announcement to offer futures on Bitcoin this month sent the cryptocurrency surging past $6,400. The move brings Bitcoin closer to mainstream finance, placing it alongside CME’s futures on interest rates, indices, commodities and currencies. Bitcoin’s price has soared. It started the year at $966, broke $5,000 on October 11 before settling at $6,362.65 on October 31. Futures are derivatives contracts that investors typically use to speculate on prices or hedge risk against turns in the market. Other major markets like stocks, bonds, commodities and currencies all have derivatives based on them. CME’s futures option would allow investors to hedge that Bitcoin’s price will rise, something that is difficult at present.  For More Detail : Bitcoin takes a big stride away from fringes of finance Quote start your trading career on the right broker Link to comment Share on other sites More sharing options...
Resolve Posted July 24, 2022 Report Share Posted July 24, 2022 We need to understand about doing our trades in the Bitcoin. Quote FXOpen - True Regulated ECN Broker Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.