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The newest way to bet on Bitcoin has arrived, with the first Bitcoin future trades taking place in New York time on Sunday night, on CBOE Global Markets Inc’s CBOE Futures Exchange.
Bitcoin’s price soared so far this month, but it has made sharp moves in both directions in recent days, falling by almost a fifth on Friday after surging more than 40 percent in the previous 48 hours.
On Sunday, Bitcoin was up about 3 percent at $15,000 on the Luxembourg-based Bitstamp exchange. On the Gemini Exchange, it was at $15,650.
The futures are cash-settled contracts based on the auction price of Bitcoin in US dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.
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