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Tuesday, October 31, 2017

Crypto News: Bitcoin surges to record above $6,400 after CME announces launch of futures for digital currency

Bitcoin surges to record above $6,400 after CME announces launch of futures for digital currency

CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review.

Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world's largest futures exchange.

"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," Terry Duffy, CME Group chairman and CEO, said in a statement.

The leading global exchange for options and futures trading is the latest entrant into the business of offering derivatives for bitcoin, the volatile digital currency, which is not listed on a major exchange.


Full story at http://cnb.cx/2xGeDOz


Source: CNBC


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