Bitcoin is arevolutionary digitalcurrency. It is created using distributed computer system internet and dictated by sophisticated cryptographic technology.
The second major security based on bitcoin is start to trade on the CME.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US's major exchanges of options and futures ,started bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures contractss was $20,650, and the electronic currency was trading at $20,135 at 6:08 p.m. EST.
The virtual currency has skyrocketed in popularity and gain this year though drawing concerns about its unpredictability.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not involve factual bitcoin. They will reflect an index of bitcoin price. Each contract will be for 5 bitcoin.
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