Bitcoin Futures prices, which began trading in the futures segment for the very first time, surged as much as 10 per cent, as the CBOE Futures Exchange launched trading on December 10 under the ticker symbol "XBT".
The trading in the futures segment for the very first time will now ensure transparency, efficient price discovery, deep liquidity and centralized clearing. Cboe Global Markets, (Cboe: CBOE | Nasdaq: CBOE), is one of the world's largest exchange holding companies.
XBT futures provides a way for investors to buy and sell bitcoin futures in a highly regulated marketplace nearly 24 hours a day, five days per week. This gives investor the flexibility to invest and divest at the optimal time for specific trading strategy.
According to CBOE, over the last five years, the total value of all bitcoin outstanding (i.e., "market capitalization") has grown from less than $1 billion to over $262 billion with daily notional turnover on December 8, 2017 exceeding $ 21billion.
The total value of all cryptocurrency tokens outstanding is now approximately $423.7 billion.