CME, the world's largest futures exchange, launched its bitcoin futures contract Sunday under the ticker "BTC."
The front-month contact opened at $20,650. Volume was low, with 79 contracts changing hands after the first 15 minutes of trading.
Bitcoin moved lower on the CoinDesk index, down 2.25 percent at $18,908.58. CoinDesk tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
Leading U.S. exchanges have raced to offer derivatives contracts for bitcoin, which has surged more than 1,600 percent this year on growing investor interest.
CME had made its announcement on Dec. 1 for bitcoin futures. But two days later Cboe Global Markets said it was launching its own futures contract on Dec. 10, a week before CME. Nasdaq and Cantor Fitzgerald are also planning their own bitcoin derivatives contracts.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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