Two Major Exchanges to Offer Bitcoin Futures, Thus Boosting Its Value. One of the key reasons why the bitcoin has been increasing in its value in recent time comes from how it is being accepted in a larger variety of places. The value of the coin is continuing to go up now as two major exchanges are working to provide investors with bitcoin futures options.

Two major exchanges based out of Chicago have announced that they will both be offering bitcoin futures. CME and CBOE have both gotten their own plans for bitcoin activities set up.

CME is planning on getting its own bitcoin futures product available before the year ends. This would work with a rate based off of the CME CF Bitcoin Reference Rate, an index that CME itself produced to analyze the performance of the bitcoin.

CBOE has also announced it will have bitcoin futures programs available at some point in the year. The group has been working on developing a futures product for use and is hoping to get it released during the fourth quarter.

These two exchanges are expected to make the bitcoin more accessible to investors. This is thanks to the futures helping to give people a new way to invest in something. Futures are typically utilized for commodities and entail people having the right to buy something at a certain value in the future with the potential to get a profit off of the commodity. The bitcoin is already treated by many entities as a commodity over how its value can quickly grow.

The futures involved would vary in length. Some of these futures are expected to last for days or weeks although additional information on how these would work will vary based on what the futures providers have to offer.

The bitcoin futures that would be offered are expected to be similar to that of what people might find out of other futures. CBOE and CME have stated that their bitcoin futures would settle in cash. As a result, people do not have to actually hold the currency just to invest in it. This is a straightforward process that is essentially identical to what people may find elsewhere.

Value Increasing

The major announcements from CBOE and CME have helped to get the value of the bitcoin to grow. This comes as the confidence in the market for the currency continues to grow and thrive. The bitcoin has gotten over the $6,000 mark in the past month and has already reached a new high of $6,800. The rise comes as the trend for the bitcoin continues to grow.

There has been some discussion over how the bitcoin could get to the $7,000 mark and potentially to the $10,000 mark. But even with this, there are concerns that the bitcoin could end up being at risk of losing money due to a possible bubble.

CME and CBOE will inform people with added information on what will come about when the bitcoin futures are introduced. These will give people access to the bitcoin in a new way and can offer a good investment opportunity.

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