Wednesday, 17 January 2018

Contract to boost institutional demand due to multi-source final prices

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.

TD Ameritrade, like many other titans of the financial world, is also jumping on the Bitcoin bandwagon. Indeed, the giant securities brokerage services provider will start trading Bitcoin futures when the financial markets open on Monday, December 18, 2017.

A Chinese millionaire recently bought four rare Formula One (F1) cars in the United Kingdom using Litecoin, the fourth most popular cryptocurrency, with the total amount believed to be around 4 million British pounds (more than $5.3 million).

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