Posted by Staff Writer on 12/12/2017 to
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IncSmart Illinois (Small Business and Startups) - Bitcoin makes it's debut in Illinois. The first bitcoin future started trading on Sunday as the popular virtual money was listed on the a major US exchange. The Chicago Board Options Exchange futures don’t involve actual bitcoin. They’re securities that will track the price of bitcoin on Gemini, one of the larger exchanges. The Chicago Mercantile Exchange, will start trading its own futures on the 18th of December. The price of a bitcoin has jumped from the beginning of the year below $1,000, hitting a peak of more than $16,858 on 7 December on Coindesk, where is was trading at $15,244.
Bitcoin is a digital currency and one of the world’s most popular virtual money. Bitcoin not tied to a bank or government and this allow users to spend money anonymously. Contracts rise from $15,460 to $16,000 in the first hours of trading on the Chicago Board Options Exchange (CBOE). The futures contract expires in January. Trading overwhelmed the CBOE website. Heavy traffic on our website caused visitors to experience slower than usual web displays and many times the site was temporarily unavailable.
By IncSmart Staff Writer
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