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CME's bitcoin futures get tepid take-up in debut on warnings of risks

The launch of futures by the world's biggest derivatives exchange operator had been hailed by many as the moment that bitcoin reached the investment mainstream.

Reuters  |  New York/London/Sydney 

Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder. The launch of futures by the world's biggest derivatives exchange operator, and by its rival Chicago-based exchange Cboe Global Markets a week earlier, had been hailed by many as the moment that bitcoin reached the investment mainstream. That view has helped send bitcoin soaring even higher than before in recent weeks: it is on track for its best ...

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First Published: Mon, December 18 2017. 22:26 IST
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