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Bitcoin futures surged as much as 26% on their first day

Bitcoin futures surged as much as 26% on their first day
[Photo: Flickr user BTC Keychain]

Futures of the cryptocurrency made their debut on the Cboe Global Markets exchange on December 10th, reports Bloomberg. With a 26% climb in its first session, the exchanged needed to halt trading twice after bitcoin futures surged 10% and then 20%. Bloomberg says bitcoin futures expiring in January climbed to as high as $17,540. The trading of bitcoin futures on the Cboe Global Markets exchange is a historic moment for the cryptocurrency as until now bets on bitcoin’s rise or fall have mostly been traded via platforms with little or no regulatory oversight.MG