Bitcoin to us dollar

Bitcoin to us dollar

Menu IconA bitcoin to us dollar stack of three evenly spaced horizontal lines. Bitcoin futures trading can go ahead on three US exchanges, the Commodity Futures Trading Commission said on Friday. Futures contracts give traders a way to bet on bitcoin prices and earn profits without buying the actual cryptocurrency.

The Chicago Mercantile Exchange says it will launch its bitcoin futures contracts on December 18. The US Commodity Futures Trading Commission on Friday said it would allow bitcoin futures trading on three exchanges. In a statement, the CFTC said the Chicago Mercantile Exchange and the CBOE Futures Exchange self-certified new contracts for bitcoin futures products. The Cantor Exchange self-certified a new contract for bitcoin binary options.

The futures contracts will make it possible to bet on bitcoin prices without buying the cryptocurrency. Both CBOE and CME have said their bitcoin futures products will settle in cash. The futures contracts offered by establishment firms could open the door to wider participation in bitcoin trading by other Wall Street firms. The CFTC’s decision came with the warning that bitcoin remains a largely unsupervised market.

Bitcoin, a virtual currency, is a commodity unlike any the commission has dealt with in the past,” J. Christopher Giancarlo, the CFTC’s chairman, said in a statement. We expect that the futures exchanges, through information sharing agreements, will be monitoring the trading activity on the relevant cash platforms for potential impacts on the futures contracts’ price discovery process, including potential market manipulation and market dislocations due to flash rallies and crashes and trading outages. Get the latest Bitcoin price here. Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy groceries and clothes just as you would with the local currency.

Bitcoin is divorced from governments and central banks. It’s organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths make up a block. No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins.