The deal with the Commodities and Futures Trading Commission agency also enables Cantor Exchange to offer bitcoin options, another type of derivative contract, which allows for trading without taking ownership of an underlying asset. "We are operationally ready and we will be announcing a launch date shortly", the spokesperson said in the new statement. After a record high on Wednesday for bitcoin price of $11,377, there was a 20 percent drop from profit takers down to $9,021; it has since fluctuated several times and is now selling at around $10,500. "This opens up the doors to exchange traded funds and institutional money".
Bitcoin, which had been trading at around $10,150 United States on the Luxembourg-based Bitstamp exchange before the news, jumped following the news, leaving it up more than six per cent on the day. It was last up 6.6 percent at $10,600.
Micromax launches Bharat 5 smartphone at Rs 5555
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"Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward".
Under CFTC regulations, designated contract exchanges such as CME and CBOE's CFE do not need prior approval from the commission to list products for trading. "Nevertheless, investors should be aware of the potentially high level of volatility and risk in trading these contracts". Instead, they only have to file a written self-certification with the regulator.
3% growth in economy far below what Modi govt promised: Chidambaram
The growth in the agriculture slowed to 1.7% compared to 2.3% in the last quarter and 4.1% in the same quarter a year ago . Great news that quarterly GDP growth accelerates to 6.3 per cent against 5.7 per cent from the previous quarter.
A federal regulator gave the go ahead on Friday to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight.
The agency said the exchanges agreed to modify the derivatives contracts and promised to coordinate with the CFTC and each other to guard against market manipulation and other irregularities.
Conor McGregor Shows Up Late For Court Hearing Over Speeding Violation
He was given two months to pay and was told he could pay in installments. "I'm getting nothing but fingers from Mr McGregor ". Flanked by reporters, McGregor sped away from court in a BMW i8 (of course), but not before seemingly antagonizing the mob.