Daily Traders Edge

Bitcoin to start futures trading, stoking Wild West worries

December 07
15:34 2017

Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin’s Wild West-like nature could overshadow the debut.

The first bitcoin future trades kick off Sunday at 6 p.m. EST (2300 GMT) on Cboe Global Markets Inc’s (CBOE.O) Cboe Futures Exchange, followed a week later by CME Group Inc’s (CME.O) CME.

Nasdaq Inc (NDAQ.O) plans to get into the mix next year, Reuters reported.

While Cboe, CME and Nasdaq offer strictly policed trading environments, the underlying bitcoin market is riddled with crypto-exchanges lacking even basic oversight.

Continue Reading at Reuters

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