Bitcoin debuts on the world's largest futures exchange, and prices fall

CME, the world's largest futures exchange, vendor "BTC." Under this, Bitcoin launches a futures contract.

Futures prices have dropped by 3.8 percent to $ 18,760, up from $ 20,650 and a bit more since opening.

In the last week of trading, the CBOE Bitcoin futures increased 19 percent in the downturn. CBO Bitcoin Futures, Ticker Business Under "X Bit", 3% to 18,660 Sunday Evening, ET

Because CBO Bitcoin Future's initial profits, Joe Van Heck, founder and managing director of Chicago-based trading firm Grace Hall, said, "I think a similar event can happen today." "Bidi's aggression surprised me."

Van Heck told that he was the first person to trade with CBO and CME Bitakken Futures, it has been mentioned that it is trading in more institutional-level investors in the CME contract.

One of the major differences between CBO and CME futures is that the CBO contract represents Bitakayake when a CME contract represents five bitskayena. The CBO adjusts its futures to Gemini's daily price auction, when CME uses its own Bitcoin reference rate, which tracks various cryptoconces exchanges.

To monitor both types of futures on Bitcoin at CNBC.com, type "Bitkken Futures" in the ticker search box at the top of the page.

According to the Syncdesk Bitcoin Price Index, Bitcoin itself reduced by 4 percent to 18,334 dollars. Digital currency exchange tracks the currency stamps from Bitstamp, Sinbase, ITBit and BitFinancial.

Bobby Cho, a subsidiary of WRB, said that the CME Futures traded near the actual price of Bitcoin, which was launched on Sunday, compared to the CBO agreement.

"There are many people who are involved in the introduction of CME, in CBOs," Cho said. "Spot Market still indicates where futures trading is, due to mere volume."

Leading US Exchange is moving towards Derivative Contract offers for Bitcoin, which has increased interest of more than 1600% of investors this year.

CME announces December 1 for Bitcoin Futures But two days later, CBO started its own futures contract on December 10, a week before Global Marks Simi. NASDAQ and Canter Fitzgerald are also planning their own Bitcoin Derivatives Contracts.

CBO's Bitcoin Futures contract was the relatively relaxed first week of trading, although the volume was in the light. The most popular contract to expire in January rose 17.1 percent in the first week to $ 18,105.

About 20 organizations, including interactive brokeres and Wedbush futures, have participated. TD Ameritrade announced late Friday afternoon, it allows some clients to start trading Cboe Bitcoin Futures, but CME does not have the future, on Monday.

"They've gone about launching this product with a bit of their guard," Van Hecke said. "I can clearly see how anyone could play the system with a capital."

Bitcoin Futures has seen many as a step toward establishing a digital currency as a legitimate asset class. Derivatives can help institutional investors buy in the cryptoucurrence trend, and Bitcoin can make way for exchange-traded funds.

In less than ten years, Bitcoin has started to become a global business property focusing on a frequent frequency and technology density. According to the financial research firm Autonomics, more than 170 "cryptfunds" have started investing in cryptocoanubwy and have highlighted blockkain technology behind the digital currency.