A 1.6 Billion Bitcoin Opportunity for Wall Street Exchanges detailed by a cryptocurrency report by the Bank of America Merril Lynch.
Bitcoin can no longer be ignored as more investors want exposure to the cryptocurrency.
Futures Options and ETF’s are the focus points for a collaboration between Gemini Bitcoin Exchange and the Chicago Board Options Exchange – when this comes to fruition, it could put a fire under the Bitcoin price and value.
In a recent Coindesk article on Bitcoin Futures Trading – “Among CME Group chairman and CEO Terry Duffy’s notable comments in the interview: insight into how CME would handle major fluctuations in the price. He suggested that CME could move to halt trading in the event of significant swings, and that existing rules would be called upon in the event of a catastrophic price decline.
“Listen, when someone says to me, ‘the price is going to zero, what are you going to do?’ I’m not going to let it go to zero,” he explained, adding:
“I’m going to implement something. If the market drops precipitously, we’ll stop trading, and if we think a product is going away, we have the longs, we have the shorts, we’ll match them up at a price and that’s the way our rules read today.” Read more
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