Wall Street is Ready for December Futures Influx as Price of Bitcoin Stabilizes – Bitcoints

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Published on November 14th, 2017 | by bitcoin

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Wall Street is Ready for December Futures Influx as Price of Bitcoin Stabilizes

Wall Street is Ready for December Futures Influx as Price of Bitcoin StabilizesCME Group will launch its pioneering Bitcoin futures trading by mid-December, its CEO confirmed to the media Monday.
The remarks appear to have taken the shakiness out of Bitcoin markets, which tumbled and rebounded over the past few days following significant challenges from rival chain Bitcoin Cash.
Bitcoin is currently trading above $6,500 as volatility recedes and futures trading is set to start within the next four weeks.
Having significantly crashed an rebounded as investment and miner support focused on Bitcoin Cash, Bitcoin appears to have found its feet once more, still $1,200 below last week’s all-time highs.
Echoing the FX trader’s Chairman Emeritus Leo Melamed earlier this month, Duffy said he planned to offer a risk assessment arena for Wall Street institutional traders.

Source: Cointelegraph.com

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