Bitcoin Futures Go Live!

It is a great day for crypto currency as today bitcoin has in a way  been accepted and integrated into mainstream finance with the introduction of bitcoin futures. 

Futures are contracts that obligate the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity, at a predetermined future date and price. Futures an be written on anything from gold to cattle to potatoes to coffee.

The futures launched Sunday, trading under the XBT ticker symbol on the CBOE (Chicago Board of Exchange- the largest futures exchange in the country). Bitcoin prices surged again as a result. The digital currency was at $14,890 right at 6 p.m. New York time and then surged about $600 to $15,500.13 as of 7:17 p.m. on the Coinbase exchange. This new products allows institutional investors into the crypto game.

 Follow this exchange here