Bitcoin futures have started trading on regulated exchanges in America as of Sunday, and their European counterparts are watching to see how things play out across the Atlantic before launching cryptocurrency derivatives of their own.
Investors across the world can now turn to the Chicago Board Options Exchange (CBOE) and soon the Chicago Mercantile Exchange (CME), the world’s largest derivatives exchange, to speculate on the future value of bitcoin through futures, much like they would with traditional currencies or commodities.
European investors are allowed to engage in the new trades on the CBOE and CME thanks to financial equivalence rules between the EU and the United States, but several European exchanges are themselves considering listing similar products.
“We’re taking a very close look at bitcoin and other cryptocurrencies that are equally interesting. We think there are advantages to such an innovative asset class, but potential issues like the unregulated currency spot market and high volatility,” said a spokesperson for Eurex, a German