Bitcoin Surges To New Record High As CME Launches Bitcoin Futures In Q4

As the mainstream continues to embrace cryptocurrencies – much to the chagrin of Jamie Dimon et al. in the establishment – CME Group is“responding to client interest” and launching a Bitcoin Futures contract in Q4.
CME Group says new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U. S. dollar price of bitcoin.
This news has sent Bitcoin back up to record highs…

This post was published at Zero Hedge on Oct 31, 2017.

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