China has banned it, South Korea is considering whether to impose new regulations, but there is no doubt that it can not stop the huge threat of Bitcoin. Digital assets have truly become mainstream as the recent global cryptocurrency has seen a phenomenal rise, but the Bitcoin Futures transaction on the Chicago Board Options Exchange (CBOE) has begun. On the first trading day, contracts that expired in January jumped from $ 15,000 to $ 18,800 to start up circuit breakers and crush the CBOE website with traffic growth.
Even if investors are hastening the first taste of cryptocurrency as a means of investment, Wall Street's seasoned campaigners are already beeping. Jamie Dimon, CEO of JP Morgan, is well aware of Bitcoin as a "fraud", while the leading banks, brokers and traders, the Futures Industry Association, He said.
Much like Zennon Kapron, executive director of Kapronasia, a consultancy based in Shanghai, many people use humor to explain the point. "It's rare to see more volatility than bitcoin, but we found it: a bitcoin gift
Chris Weston, chief strategist at IG Markets, did not create a framework for his aspirations for Bitcoin futures because "nobody really knows what is a profit". "People who are going to trade do not have to be a sort of people who have traded bitcoins before," he said. "Usually retail investors and those with less experience in financial markets are more likely than normal to be commodities."
CBOE is convinced that Bitcoins has no flash on the fans. He says that precautionary measures are being taken to deal with wild fluctuations, such as stopping a trade for two minutes when the price goes up or down by 10%. CBOE also said, "We will work closely with the CFTC to monitor transactions and promote the growth of a transparent, liquid and fair bitcoin futures market."
