Regulators are getting wise to
The market capitalisation of bitcoin, arguably the
world's most well-known digital currency, reached over $300
billion at the end of 2017 after years of hovering around the
$1billion mark. But in the same way the value of bitcoin has
grown significantly, so has financial regulators' interest in
addressing the unprecedented growth of, and investment in, this
Cryptocurrencies are still a small segment relative to the
global financial market but they are growing very fast.
"Volumes are still small on a relative basis: we are seeing
between 7,000 and 8,000 futures contracts a day for some
cryptocurrencies, a bit less for bitcoin," says
Cboe’s managing director, business development,
Michael Mollet, speaking about progress since they launched in
December. "But for a new product to trade that kind of
volume right out of the gate is great."