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Bitcoin is an innovative virtualcurrency. It is created based on decentralized computing network system and managed by complicated cryptographic technology.
The second major future based on bitcoin is beginning to trade on the CME.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US's primary exchanges of options and options contracts ,created bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futuress was $20,650, and the crypto currency was trading at $20,135 at 6:08 p.m. EST.
The virtual currency has boomed in popularity and worth this year while drawing doubts relating to its unpredictability.
The CME bitcoin futures, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not consist of actual bitcoin. They will monitor an index of bitcoin price. Each contract will be for 5 bitcoin.


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