You are here: Home » International » News » Economy
Business Standard

Big US banks, brokerages give bitcoin futures launch a mixed reception

The two-month contract was trading at $18,880, while the three-month contract was changing hands at $19,040


Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. Although bitcoin futures were already offered on some unregulated cryptocurrency exchanges outside the United States, the Chicago-based Cboe Global Markets' launch marked the first time investors could get exposure to the market via a mainstream regulated exchange. The debut on Sunday night may have caused an early outage of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 11 2017. 19:08 IST