The newest way to bet on bitcoin, the cryptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.
The first bitcoin future trades are set to kick off at 6 pm EST (2300 GMT) on Cboe Global Markets Inc’s Cboe Futures Exchange.
The launch has given an extra kick to the cryptocurrency’s scorching run this year. It has nearly doubled in price since the start of December, but recent days saw sharp moves in both directions, with bitcoin losing almost a fifth of its value on Friday after surging more than 40 per cent in the previous 48 hours.
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