Published: Dec 9, 2017 12:30 p.m. ET
Bitcoin futures make their debut on Sunday, and like everything else surrounding cryptocurrencies, they are the subject of fierce debate.
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| Bitcoin Cryptocurrency Futures Trading |
Digital currency mavens are convinced the advent of an exchange-traded product will transform bitcoin, providing a venue for professional traders and institutional investors to enter and legitimize the market. Critics, including some within the futures industry, argue that the contracts are premature and, in a worst-case scenario, present a systemic danger given the underlying volatility of the digital currency market.
Here are a few things investors need to know:
Futures basics
Let’s start with the basics.
Cboe Global Markets Inc. CBOE, +0.87% will launch its bitcoin futures contract, trading with the symbol XBT, at 6 p.m. Eastern on Sunday, while rival CME Group Inc.CME, +0.49% plans to launch its contract on Dec. 18. more
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