[2017-10-31] CME Launching Bitcoin Futures By Year End

[GorillaDental]

CNBC Article:
https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-futures-by-year-end.html

"CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter of the year, pending regulatory review.

"Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," Terry Duffy, CME Group Chairman and Chief Executive Officer, said in a statement.

In August, the Chicago Board Options Exchange, the largest U.S. options exchange, said its CBOE Futures Exchange (CFE) plans to offer cash-settled bitcoin futures in the fourth quarter of this year or sometime in early 2018, pending review from the U.S. Commodity Futures Trading Commission.

This is a breaking news story. Please check back for updates.
Evelyn Cheng CNBC
Evelyn ChengWriter"

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[iamTom123]

This has been the reason why there is now a surge of the Bitcoin price as we about to officially enter the month of November. Seems like the ghosts and the spirits are conniving to help Bitcoin get uplifted beyond the $6,300 mark. Would Bitcoin try to go ahead and cobbled the $6,500 level? Well, that remains to be seen for now as there is a big possibility that profit-taking can take place anytime today leading to some corrections maybe happening early tomorrow as the whole world is getting into the Halloween spirit and revelry. Bitcoin is alive and well as children are asking for some treats or you can have some tricks!