Dec. 1, 2017 (The Ferowich Report)–The U.S Commodity Futures Trading Commission authorized the Chicago Board of Exchange and the Chicago Mercantile Exchange to list bitcoin derivative contracts on Friday—and the president of CBOE thinks the market is going to skyrocket.
“Over the next 10 years the cryptocurrency market will explode,” said Chris Concannon, president of CBOE Global Markets. “I actually believe that national currencies will begin issuing digital currencies.”
The regulatory agency expects that exchanges will monitor “potential market manipulation and market dislocations due to flash rallies and crashes and trading outages,” CFTC Chairman J. Christopher Giancarlo said.
Nasdaq is reportedly planning to list BTC futures as well, leaving the New York Stock Exchange (NYSE) as the last major U.S. exchange to adopt some form of bitcoin products.
The Cantor Exchange also received approval to market binary options contracts for bitcoins, according to CFTC.
LedgerX has already had CFTC accreditation to trade bitcoin options. The first tranche of call options were traded with a strike price of $10,000.
Contribute BTC to support independent journalism: 1EPaN43RywpRqHTFfuTuZuJhnsPbWg61FW
Contribute ETH to support independent journalism: 0xEF1aD68879c21bb4092a12D9555B7CF60EbffE0A