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December 06, 2017, 07:09:49 AM |
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Recently, The Chicago Board Options Exchange and exchange operator CME Group announced that they will begin offering digital currency-based futures later this month, according to CoinDesk.
Once these futures contracts are available for trading, it could draw institutional investors to Bitcoin.
This could trigger significant investments into the digital currency.
"We're seeing a price drive based on the upcoming futures contracts," said Jeff Koyen, strategic advisor to 360 Blockchain Inc., which invests in blockchain-based technology. "There's a lot of new money coming in, looking for quick profit."
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