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Bitcoin is anovel virtualcurrency. It is created based on decentralized computer system internet and controled by complicated mathematical processes.
The second major future based on bitcoin is start to trade on the Chicago Mercantile Exchange.
The CHICAGO MERCANTILE EXCHANGE Group, one of the US's major exchanges of options and fiancial derivatives ,started out bitcoin options contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures was $20,650, and the digital currency was trading at $20,135 at 6:08 p.m. EST.
The electronic currency has increased in popularity and gain this year though drawing concerns relating to its unpredictability.
The CME bitcoin options contracts, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not involve tangible bitcoin. They will measure an index of bitcoin price. Each contract will be for 5 bitcoin.


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