CME Group began trading their first bitcoin futures today with more than 200 contracts purchased in the first hour with its Jan. 18 contracts opening above $20,000.
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Earlier this month, the Chicago Board Options Exchange (CBOE) website crashed Sunday night after the firm launched its first bitcoin futures contracts.
CME’s site has remained online but the cryptocurrency did see a sell-off, falling to a low of $18,355.
As with CBOE and now CME Group, the bitcoin future contracts have primarily been aimed at institutional investors.
NASDAQ as well as Cantor Fitzgerald both announced expected launches of bitcoin related products in the upcoming year.