As reported by CoinDesk, the CFTC has already
authorized trading of bitcoin futures offered by CME Group and the Chicago Board Options Exchange (CBOE), which launched in December of last year.
As reported by CoinDesk, the CFTC has already
authorized trading of bitcoin futures offered by CME Group and the Chicago Board Options Exchange (CBOE), which launched in December.
Not exact matches
Holders
of Shares
of the Trust may redeem their Shares at any time acting through an
Authorized Participant and in the prescribed aggregations
of [50,000] Shares; provided, however, that redemptions
of Shares may be suspended during any period in which regular
trading on the [EXCHANGE] is suspended or restricted, or in which an emergency exists as a result
of which delivery, disposal or evaluation
of Bitcoins is not reasonably practicable.
«While
bitcoin liquidity has improved dramatically in recent years — and average daily
trading volume now resembles that
of the average security in the S&P midcap 400 — it would be hard for the ETF's
authorized participants to acquire $ 300M worth
of bitcoin without significantly pushing price up,» notes the report.
Egyptian banking experts agree on the risks
of trading in
bitcoin, and central bank authorities say they have no plans to
authorize the virtual currency's use.
According to CoinMarketCap, the most actively
traded coins are
Bitcoin, Ethereum, Litecoin,
Bitcoin Cash and the digital counterpart
of the US dollar Tether, which substitutes
authorized currency on many cryptocurrency exchanges.
On Wednesday, a federal judge
authorized a summons requiring Coinbase, America's largest
Bitcoin service, to provide the IRS with the records
of every user who
traded on the site between 2014 and 2015.
Queensland - based gold and silver bullion dealer Paul Engeman has started
trading Bitcoin, following the move by the federal government
of Australia to
authorize it as a legal currency.
Of the four companies, only Xtheta Corp. was
authorized to
trade multiple cryptocurrencies like
Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Ethereum (ETH), Ethereum Classic (ETC), NEM (XEM), and Monacoin (MONA), as well as counterparty tokens (XCP).
Authorizing employees to
trade cryptocurrencies reflects CFTC recognition
of Bitcoin's legality and growing importance in the financial markets.