Select Page

CME Group Starts Bitcoin Futures Trading while Bankers Warn Investors

by | 18 Dec, 2017

Bitcoin futures started trading last night on CME Group, the world’s largest futures exchange, while the price continued to rise

More and more voices including the Danish central bank and the Chairman of UBS are warning of a potentially big upset for Bitcoin investors, just as CME Group officially launched its own Bitcoin futures trading products, not long after CBOE did the same.

The CME contracts will let institutional investors (banks, brokers, funds etc) take a position in the coin without actually owning it, while also providing them a way to short-sell the cryptocurrency, something which has been difficult to do until now.

The unprecedented surge in crypto valuations has UBS chairman Axel Weber concerned. In an interview with the NZZ am Sonntag, Weber said, “We as a bank have very consciously warned against this product, because we do not consider it valid and sustainable.” His comments came just before the head of Denmark’s central bank Lars Rohde said, that investors should “stay away (from Bitcoin). It’s deadly”, in an interview with Danish state broadcaster DR.

Regardless, a listing of Bitcoin products on the CME brings it further and further into the mainstream. CME Group is the world’s leading and most diverse derivatives exchange marketplace, offering the widest range of global benchmark products across all of the major asset classes, including futures and options based on interest rates, equity indices, foreign exchange, energy and metals.

The price of Bitcoin rallied over the weekend from $17,500 to just under $20,000 at its peak, though Ethereum and Litecoin have had better weekly gains of +62% and +113% respectively!

Volatile, much? Bitcoin is seen jumping and diving against the US Dollar on December 18th

Want to learn more about the markets and how to become a better investor?

Download the Invstr App now.

All emails ​include an unsubscribe link. You ​can opt-out at any time. ​See our privacy policy.

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

Download on the App Store           Download on Google Play

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

Share This