Announcement of future contracts of CME sends Bitcoin to new historical maximum
crypto-news·@exe8422·
0.000 HBDAnnouncement of future contracts of CME sends Bitcoin to new historical maximum
<html> <p><img src="https://i0.wp.com/criptonoticias.com/extra/wp-content/uploads/2017/10/cme-bitcoin.jpg?resize=940%2C470&ssl=1" width="940" height="470"/></p> <p>CME Group Inc, a financial markets company that operates one of the largest options and futures markets in the world, has spread its future implementation of regulated exchanges of Bitcoin futures through its social networks, bringing the price of the cryptoactive to a new historical maximum.</p> <p>While at the time of writing this article Bitcoin is around $ 6,379 dollars, in earlier hours, the mother cryptocurrency would have surpassed $ 6,400, according to CoinMarketCap. Even this time there is a greater distribution of movements in exchange houses, entering funds for dollars, wons and yen, in that order from highest to lowest magnitude.</p> <p><img src="https://i1.wp.com/criptonoticias.com/extra/wp-content/uploads/2017/10/Bitcoin-price-1.jpg?w=979&ssl=1" width="979" height="549"/></p> <p>Even, the historical maximum of the global market capitalization of cryptoactives has surpassed again, exceeding $ 182 billion, led by an increase in the dominance of Bitcoin of 58.3%. It is likely that, with this movement, the altcoins will go down in price due to the flow of Bitcoin, as it usually happens.</p> <p>A few hours ago the company CME Group, spread through its social networks a press release announcing the upcoming launch of Bitcoin futures in its portfolio of financial options. In this announcement they emphasize that they are carrying out all the necessary actions for this, such as adjusting to all periods of regulatory review. They estimate to launch this new option for this last quarter of 2017.</p> <p>This new financial instrument will be settled in cash and will use a daily price based on its benchmark rate called CME CF Bitcoin (BRR). Said instrument will be subject to the CME regulations and the regulator that validates it. This decision was made due to the growing interest of its customers in participating in the progressive cryptocurrency markets.</p> <p>CME Group manages more than 3 billion financial contracts valued at approximately $ 1 quadrillion annually (on average). The company facilitates exchange spaces for buyers and sellers; offering individuals, companies and institutions what they need to manage market risks and increase their profits.</p> <p>With this announcement, this company will open the possibility that large Wall Street investors can participate in the Bitcoin market, even in future contracts. This is clearly an advertisement that motivates the price of Bitcoin upwards, due to the high probability of a high flow of funds oriented towards its market.</p> <p><img src="https://steemitimages.com/DQmYBvVkSUzXfJjkcDKx9ruh5G2uB56ZcJS3FHXoKQgFePn/DQmYBvVkSUzXfJjkcDKx9ruh5G2uB56ZcJS3FHXoKQgFePn.png" width="822" height="29"/></p> <p><img src="https://steemitimages.com/0x0/https://steemitimages.com/DQmesCt4DqW4egYCgSXSXA9DiRcC6Rc8H7CqasuHaXtfKhc/DQmc3RmsAuFgS6szTAimp8X6pfMLPQVacoczZGgi2ShGRXQ.jpg" width="1007" height="190"/></p> </html>
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