Bitcoin makes subdued debut on CME futures


Bitcoin has made a subdued debut onto the
world’s largest futures exchange, as warnings
over the digital currency become louder.
The Chicago Mercantile Exchange became the
second to offer bitcoin derivatives trading
on Sunday and was hailed as the moment bitcoin
reached the investment mainstream.
But, trading volumes in the CME and rival
Chicago Board Options Exchange have so far
been modest.
Less than one-thousand contracts were traded
on CME’s January futures contract as of Monday.
Bitcoin’s price, despite an initial surge
above 20-thousand U.S. dollars, dropped backed
down to pre-debut levels.
Economists and financial experts are divided
on the outlook of bitcoin, with some saying
its price will continue to soar and others
warning that it is a bubble about burst.

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