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Bitcoin rebounds to $10,500 mark as US regulator approves futures

It has been a volatile week for the biggest and best-known cryptocurrency

Reuters  |  London 

Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the US derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures. The announcement by the Commodity Futures Trading Commission (CFTC) paves the way for CME and CBOE to become the first traditional U.S. regulated exchanges to launch trading in bitcoin-related financial contracts, a watershed moment for the cryptocurrency that could lead to greater regulatory scrutiny. Bitcoin, which had been trading at around ...

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First Published: Sat, December 02 2017. 02:18 IST