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  CME launches bitcoin futures

 CME Group is the world’s leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management.

The CME bitcoin front-month futures contract did open higher at $20,650 but declined 6 percent within the first half hour.

The contract was last at $18,805, below the $19,500 reference price set by the exchange for the January contract.

The reference price, at which price limits are set, is $19,600 for the February contract, $19,700 for March and $19,900 for June, according to CME.

On Dec. 10, Chicago-based derivatives exchange Cboe Global Markets launched bitcoin futures, which saw the price surge nearly 20 percent in its debut.

The week-old bitcoin futures contract at the Cboe was last trading at $18,890, up 4.3 percent.

Spot bitcoin eased 1.9 percent on the Bitstamp exchange to $18,650, after surging to a record high of $19,666 on Sunday.

The launch of bitcoin futures is viewed as a major step in the digital currency’s path toward legitimacy, which should encourage the entry of big institutional investors. It seems that a lot of investors want to get exposure to bitcoin without actually holding them

Bitcoin Is For the First Time Worth More Than Gold

bitcoin-goldRecord performance continues: Bitcoin is for first time worth more than gold An all-time high after the next: The digital currency Bitcoin is for weeks on record course. On Friday a new high was reached. Bitcoin price rose according to Bloomberg at noon up to 1,298 USDs. A milestone was reached early on Thursday: The Bitcoin price closed the first time higher than the price of gold .
Gold closes lower than Bitcoin Continue reading Bitcoin Is For the First Time Worth More Than Gold