Bitcoin expenditures rose after futures of the cryptocurrency began trade on the Cboe Comings Exchange for the first time on Sunday evening U.S. time.
The futures, which have dealings under the ‘XBT’ ticker, briefly turned negative, but quickly reversed those exterminations to trade at $16,860 at 9:05 p.m. New York time. That was some 9.06 percent primarily the opening price of $15,460 for the January contract.
Among the benefits bitcoin comings will bring about to traders are improved transparency, price uncovering and liquidity, according to the Cboe.
Following the Cboe’s launch, CME Group is set to start work bitcoin futures one week later on Dec. 18, while Reuters has appeared that the Nasdaq plans on launching bitcoin futures in 2018.