What is the Start Date for Bitcoin Futures Trading?
The Start Date for Bitcoin Futures Trading
Bitcoin has become a hot topic in recent years due to its skyrocketing value and its potential to become a global currency. As a result, many investors are looking for ways to invest in Bitcoin and othercryptocurrencies. One way to do this is through Bitcoin futures trading. In this article, we will discuss what Bitcoin futures trading is and when it started.
What Are Bitcoin Futures?
Bitcoin futures are contracts that allow traders to speculate on the price of Bitcoin without actually owning the cryptocurrency itself. With Bitcoin futures, traders agree to buy or sell Bitcoin at a predetermined price at a future date. This allows investors to profit from the price movements of Bitcoin without having to buy and sell the actual cryptocurrency.
When Did Bitcoin Futures Trading Start?
Bitcoin futures trading officially started on December 10, 2017, when the Chicago Board Options Exchange (CBOE) launched Bitcoin futures trading. The launch of Bitcoin futures was seen as a major milestone for the cryptocurrency industry, as it provided a way forinstitutional investorsto get involved in Bitcoin trading.
Shortly after the launch of Bitcoin futures, the Chicago Mercantile Exchange (CME) also began offering Bitcoin futures trading on December 17, 2017. The launch of Bitcoin futures on both exchanges was seen as a significant step towards themainstream adoptionof Bitcoin and other cryptocurrencies.
Investing in Bitcoin Futures
Investing in Bitcoin futures can be a risky endeavor, as the price of Bitcoin can be highly volatile. However, there are some strategies that investors can use to minimize their risks and maximize their profits.
One strategy is to use technical analysis to identify trends in the price of Bitcoin. Technical analysis involves studying charts and using mathematical formulas to predict future price movements. By using technical analysis, traders can identify trends in the price of Bitcoin and make informed trading decisions.
Another strategy is to diversify your portfolio by investing in other cryptocurrencies as well as traditional assets. By diversifying your portfolio, you can spread your risks and reduce your exposure to any single asset.
In conclusion, Bitcoin futures trading officially started on December 10, 2017, when the CBOE launched Bitcoin futures trading. This provided a way for institutional investors to get involved in Bitcoin trading and was seen as a significant step towards the mainstream adoption of cryptocurrencies. While investing in Bitcoin futures can be risky, there are strategies that investors can use to minimize their risks and maximize their profits. By diversifying your portfolio and using technical analysis, you can make informed trading decisions and capitalize on the potential of cryptocurrencies.