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Ever since the BTC futures were launched about two months ago, we’ve seen series critics as well as massive turbulence in the underlying currency BTCUSD, it has shot up to 19k mark and tumbled below 10k again, now settling at or near 11k mark.
Well, CBOE, the world's largest options exchange & the leader in product innovation, & trading volume which launched Bitcoin futures in the recent past (December 18th to be precise), has now completed upgrading the technology part at its futures exchange over the weekend, according to a statement yesterday.
President Chris Concannon mentioned on Jan. 17 that while it makes sense to bring derivatives to other cryptocurrencies as well, and also stated the company wouldn’t perform until the CBOE Futures Exchange’s software was revamped. That’s done now.
While it was not mentioned by him that the digital tokens are ripe for CBOE’s scanner. All Bitcoin in circulation is now worth $182 billion, according to Coinmarketcap.com. Four others have market values that exceed $10 billion: Ethereum, Ripple, Bitcoin Cash (an offshoot of the original Bitcoin) and Litecoin.
Turbulence still seems to be intact but has moderated somewhat, and the stance towards cryptos have still been brighter. Contemplating recent regulatory and technological developments and trends, for Wall Street’s biggest players, the bitcoin futures market is deemed as the beginning.
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