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BITCOIN SOARS AS CME GROUP ANNOUNCES BITCOIN FUTURES TO LAUNCH ON DEC.18

On the U.S.-based Bitfinex exchange, bitcoin rose to $10558, up $650.9, or 6.62% a day after
it fell below $9000. The popular digital currency traded just shy of its all-time high of
$11,427.2. Bitcoin’s market cap rose to $179.9 billion.
"We are pleased to bring Bitcoin futures to market after working closely with the CFTC and
market participants to design a regulated offering that will provide investors with transparency,
price discovery, and risk transfer capabilities," said Terry Duffy, CME Group (NASDAQ:CME)
Chairman and Chief Executive Officer on Friday.
The new contract will be listed on and subject to the rules of CME. It will be available for
trading on the CME Globex electronic trading platform, and for submission for clearing via
CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December 18.
The recent wave of optimism concerning bitcoin futures has added to investor hopes that
bitcoin exchange-traded funds will follow the launch of bitcoin futures, which would cement
bitcoin as an established asset class.
Bitcoin cash rose 5.53% to $1,384.80, while bitcoin gold rose 2.55% to $293.81.
Ethereum, the second largest cryptocurrency by market cap, fell 5.20% to $454.84.

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