Bitcoin is astate of the art cryptographiccurrency. It is created using distributed computer network and managed by advanced mathematical processes.
The second major derivative based on bitcoin is launching to trade on the Chicago Mercantile Exchange.
The CME Group, one of the US's primary exchanges of options and options contracts ,opened up bitcoin futures and options for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures contractss was $20,650, and the virtual currency was trading at $20,135 at 6:08 p.m. EST.
The digital currency has exploded in popularity and worth this year although drawing concerns about its unpredictability.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not contain tangible bitcoin. They will mirror an index of bitcoin price. Each contract will be for 5 bitcoin.
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