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Ready or not, bitcoin makes its way to the Wall Street

The moves are a watershed for Wall Street professionals who've been eager to bet on cryptocurrencies

Rob Urban & Benjamin Bain | Bloomberg 

Two US exchanges, including the parent of the venerable Chicago Mercantile Exchange, are racing to embrace bitcoin, dragging federal regulators into a realm sceptics call a fad and fraud. The development shows how some big financial players are moving to co-opt the volatile cryptocurrency and lure more mainstream investors into the market, even before regulators have agreed on just what bitcoin is. CME Group’s contracts will debut December 18. Cboe Global Markets didn’t announce a start date. Both got the green light Friday after going through a process called self-certification ...

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First Published: Sun, December 03 2017. 00:34 IST