Main Street meets Crypto, this could be interesting! HODL...
The Chicago Board Options Exchange (CBOE), the largest US options exchange with an annual trading volume of around 1.27 billion contracts, will enable Bitcoin futures trading at 5 p.m CT on December 10.
Ed Tilly, the chairman and CEO of Cboe Global Markets, stated:
“Given the unprecedented interest in Bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the Bitcoin market. To promote this, we will initially offer XBT futures trading for free.”
Drastic increase in liquidity
Last month, Brian Armstrong, the CEO of the world’s largest Bitcoin brokerage and wallet platform Coinbase, revealed that at least $10 billion in institutional money are awaiting to be invested in Bitcoin and other cryptocurrencies. Armstrong wrote:
“By some estimates there is $10B of institutional money waiting on the sidelines to invest in digital currency today. When we speak with these institutions, they tell us that the number one thing preventing them from getting started is the existence of a digital asset custodian that they can trust to store client funds securely.”