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

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 […]

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

[Photo: Flickr user BTC Keychain]

BY Michael Grothaus0 minute read

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.

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ABOUT THE AUTHOR

Michael Grothaus is a novelist and author. He has written for Fast Company since 2013, where he's interviewed some of the tech industry’s most prominent leaders and writes about everything from Apple and artificial intelligence to the effects of technology on individuals and society. Michael’s current tech-focused areas of interest include AI, quantum computing, and the ways tech can improve the quality of life for the elderly and individuals with disabilities More


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