Bitcoin debut on CME Stock Exchange, low trade volume

On Monday, the CME Group Stock Exchange awarded bitcoin contracts called “Futures” and warnings were compounded over the risk it carries.

The launch of “Futures” by the world's largest stock exchange operator and by its closest rival, Cboe Global Markets a week ago, was viewed by all as the moment when Bitcoin was to begin accepting mass.

It is precisely this hope that sent Bitcoin to record values and since the beginning of December it has doubled the price of the world's most popular virtual currency.

However, the volume of trading in CME and Cboe has been low. A total of 751 contracts have been sold by CME, where each has 5 bitcoin.

13 hours of debut, $70m worth of contract value of $1,970 has been invested.

On the other hand, Cboe has sold nearly 4,000 contracts, each containing a bitumen and a total worth of $50 million.

Bit MeX, the platforms specialising in the “contracts --” of bitcoin trade $4 billion daily.

CME's contract was sold for $20,650 Bitcoin at the moment of opening the trade while it fell to $1,960.

On December 10th, the value of bitumen contracts on the Cboe Stock Exchange fell 20% after the debut.

Bitcoin broke another record Saturday where it only took eight hours to grow from 18,000 to over $19,000.

The cryptographic digital coin scored the highest of $20,050, according to CoincketCap.com and sent the value of all bitcoins in circulation to $331 billion.

Gallopant growth during December has added concerns that the coin is a bubble that can explode at any moment in a spectacular manner.

Kosovo Deputy Prime Minister Behgjet Pacolli, as he addressed some students, said that the “did not covet Bitcoin” and compared it to a pyramid.

Sceptic is also the Central Bank of Kosovo, which says no institution offers guarantees for Bitcoin.