Trading To help Future Bitcoin Problems.
Last year December, the price of Bitcoin hiked after the CME, Chicago Mercantile Exchange announced that bitcoin trading would be started in the coming years. The future of bitcoin shows that it will pave the way for the investors. In this time, the government agency in France, the bank of France became the first to weigh on the prospects of Bitcoin.
The accounting firm, PWC started accepting the Bitcoin code software payment which seems to be the first Bitcoin payment acceptance. This took place in the PwC office in Hong Kong, working along with many technology companies. The chairman of PWC Asia Pacific, Raymond Chao, said that this shows that cryptocurrencies are now a form of payment.
We can see from the news that’s been circulating that CME is one of the institutions, which have plans to trade with Bitcoin. The Chicago option Board Exchange is considering to launch bitcoin future trading, platforms by this year.
This has made hope for many traders and investors, will bring transparency and regulatory rules to the grimy market. This advent of the future trading market will give any ideas of the price.
The Bitcoin is been growing, which seems that through the years, many leading investors, miners, and developers engaged in difficult times, debates how cryptocurrency is growing in volume. On August 1st, last year new products were adopted for a new protocol, this made to split into 2 entities, the bitcoin cash, and bitcoin cash. During that, time bitcoin proponents looked ahead when another came into existence which is the Segwitx2x protocol. According to some reports, another fork might happen very soon.
The Chicago Mercantile Exchange cannot solve all the issues arising from Bitcoin, it has made some provisions to some accounts. Terry Duffy, Chairman, and CEO at Chicago Mercantile Exchange, with an interview with Bloomberg. Said he is set to make some changes in the bitcoin fork contracts.
Chicago Mercantile Exchange and CBOE trading have legitimized bitcoin trading. The future depends on the number of traders, who will invest in the market size of the transaction. Bitcoin, in comparison to gold, is a commodity that is compared and the $7 trillion markets are still in the valuation of $ 198 billion. Bitcoin is not considered as a physical commodity or currency, Chicago Mercantile Exchange uses a daily bitcoin reference rate i.e BRR for the settlement of cash. Bitcoin Gold has a plan to hit the fork the cryptocurrency in 2017, Oct.
Creating another bitcoin process. A flow of cryptocurrencies that is based on bitcoin blockchain will enter the market soon this year. It has a direct impact on the bitcoin prices that rise and flow. Chicago Mercantile Exchange will have a direct effect on bitcoin future trading.