January 17 bitcoin futures
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
At 5:00 p.m. US central time on December 10 (7:00 a.m. Beijing time on December 11), bitcoin futures contracts officially began trading on the Chicago Board of Options Exchange (CBOE)< the opening price was US $15000, which rose to US $166 million six minutes later. After a short decline, it kept rising, and the rise was triggered twice e to the large amount of traffic, CBOE website even appeared inaccessible at the beginning of the transaction. Although the trading volume is small, the topicality and volatility of bitcoin futures are not inferior to the spot market
the value of a futures contract lies in the value of its underlying physical goods or financial goods, such as crude oil, soybeans and bonds. When investors buy a futures contract, the contract stipulates that a certain quantity and quality of the underlying goods will be delivered at a certain time and place in the future to bet on the future price trend of a certain commodity, which can be bullish or bearish. Then, the subject matter of bitcoin futures contract is the virtual currency of bitcoin
previous mainstream analysis pointed out that the launch of bitcoin futures by large exchanges helps to rece its volatility, has the function of price discovery, and helps to attract professional investors and institutions. Some analysts say that this will be the end of bitcoin, because the introction of futures provides the market with the ability to short