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“Outperforming almost everyone’s expectations in 2017, Bitcoin prices received a decisive push from Wall Street regulated futures trading, as well as the imminent implementation of the Lightning Network. CBOE launched its Bitcoin futures product on Dec. 10, and CME (a much larger market) will begin trading the cryptocurrency’s futures on Monday, Dec.
Interested in playing the crypto craze but want to participate in the stock market? Yahoo just released a note of a few publicly traded companies that are getting into the crypto game. They are: AMD GBTC CBOE CME IBKR MSFT NDAQ Read the Full Article on Yahoo
On today’s CNBC Halftime Report, Jon Najarian is seeing unusual option activity in MO and STZ. In MO, traders were buying 9,400 June $75 calls. Jon is in these calls for a few months. In STZ, traders were buying 5,000 January $240 calls. Jon is also in these.
With the launch of Bitcoin futures trading at CBOE this week, the exchange released a note stating that they were happy with the launch. At the onset of trading on Sunday night, the CBOE website crashed due to high volume. Nevertheless, Bitcoin spot price surged over $1,000 at the open,
This evening, Bitcoin futures trading was launched at the CBOE in Chicago. While very narrowly traded with low liquidity, traders are now able to buy and sell futures contracts on the cryptocurrency. Minutes after the contracts went live, the price of Bitcoin surged over $1000. Read the Full Story at
JPMorgan and Citi clients interested in trading Bitcoin will have to wait–the 2 big banks will not support Bitcoin futures trading as of yet. Goldman Sachs, however, has announced that they will be supporting Bitcoin futures for their clients. Read the Full Article at Reuters
According to a Bloomberg report quoted by ZeroHedge, Goldman Sachs will clear futures contracts when they go live next week. In an emailed statement, Goldman spokeswoman Tiffany Galvin stated, “Given that this is a new product, as expected we are evaluating the specifications and risk attributes for the bitcoin futures
Bitcoin (BTC) has been ripping higher in the last few days, reaching price levels over $17,500 this morning. This brings the market cap of the cryptocurrency to over $270 billion. According to CNBC.com: Bitcoin rocketed higher, crossing the $17,000 mark in less than two days after topping $12,000 for the
On today’s CNBC Halftime Report, Pete Najarian is seeing unusual option activity in $WBA and $T. Traders were buying the April $65 calls in WBA, which were deep in-the-money. Pete is reading this as a stock replacement trade, but he himself is in the stock. We also were seeing some
Big banks are pushing back on the launch of Bitcoin futures, according to the Financial Times. The Futures Industry Association plans to send a letter to the CFTC stating that the rapid introduction of bitcoin futures did not allow for proper public transparency and input. Click Here to read the Full Article