Bitcoin futures trading gets the green light from US regulators

The US Commodity Futures Trading Commission on Friday said it would allow bitcoin futures trading on three exchanges.

In a statement, the CFTC said the Chicago Mercantile Exchange and the CBOE Futures Exchange self-certified new contracts for bitcoin futures products. The Cantor Exchange self-certified a new contract for bitcoin binary options.

The futures contracts will make it possible to bet on bitcoin prices without buying the cryptocurrency. Both CBOE and CME have said their bitcoin futures products will settle in cash.

Bitcoin has gained nearly 1,000% against the dollar this year amid growing interest from retail traders and big-money managers. The futures contracts offered by establishment firms could open the door to wider participation in bitcoin trading by other Wall Street firms…

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