Chicago Mercantile Exchange launched it’s on bitcoin futures contract
CME (Chicago Mercantile Exchange), the world's largest futures exchange, launched its own bitcoin futures contract under the name 'BTC'. The launch of the CME bitcoin futures contract comes a week after the first bitcoin futures launched on an established exchange, the Cboe Futures Exchange.
What is futures contract?
A futures contract is a legal agreement, to buy or sell a particular commodity or the financial instrument at a predetermined price at a specified time in the future.
June Month Telugu Current Affairs e-Magazine Download