Bitcoin to be introduced at U.S. stock markets

Source : 112 Ukraine

Two exchanges are ready to start transacting in bitcoin
09:56, 2 December 2017

Open source

Two U.S. exchanges are to introduce bitcoin at their stock markets, according to Bloomberg.

Both got the green light Friday after going through a process called self-certification - a pledge to the U.S. Commodity Futures Trading Commission that the products don’t run afoul of the law. The news increased the price of bitcoin.

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CME Group Inc.’s contracts will start Dec. 18. “Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past,” CFTC Chairman Chris Giancarlo said in a statement Friday. “We expect that the futures exchanges, through information sharing agreements, will be monitoring the trading activity on the relevant cash platforms.”

Cboe hasn’t announced the starting date of their contracts yet.

Related: Bitcoin mining: How to make money on the cryptocurrency?

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