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Second bitcoin futures debut could lure volume to wild market

Chicago-based Cboe's bitcoin futures surged nearly 20 percent in their debut on Monday

Reuters  |  New York 

Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world's largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday. The second US bitcoin futures launch is seen as another step towards big institutional investors warming up to a volatile asset that had until recently been accessible only via largely unregulated markets. Like the futures contract launched last week by rival Cboe Global Markets, CME's will be cash settled. But it will be priced off an index of data from several cryptocurrency ...

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First Published: Sun, December 17 2017. 15:07 IST