CME Futures Open at $20K, Crypto’s Market Cap Eclipses $600B

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TheMerkle_Trading VolumeFollowing in the footsteps of CBOE, the CME Group launched its own highly anticipated Bitcoin futures on Sunday evening. Come Monday morning, cryptocurrency’s overall market capitalization reached another milestone at US$600 billion, making the jump from US$500 billion in just five days. Wall Street’s Newest Toy Adding to Bitcoin’s bullish December run, the Chicago Mercantile Exchange’s futures opened with a price of US$20,000 for its January 2018 contracts.   The successful opening comes just a week after CBOE began trading its own Bitcoin futures. Both of these United States-based exchanges were cleared for trading by the Commodity Futures Trading Commission earlier this month.

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