Issue No 150
Cryptocurrencies, in particular bitcoin, have been hogging media headlines recently. In the US, the first futures contracts for bitcoin started trading on the Chicago Board Options Exchange (CBOE) on 11 December 2017, one of two venues that the US Commodity and Futures Trading Commission had approved to do so on 1 December 2017. The other is the venerable Chicago Mercantile Exchange (CME) which started a week later.
No doubt there will be close attention paid to how bitcoin will perform in its first few days of futures trading. But on a wider perspective, will this bring cryptocurrencies into the mainstream? Is the CFTC approval a stamp of legitimacy for cryptocurrencies?