Bitcoin futures contract on CBOE Futures Exchange surges past $17,000 on the first day of trading

The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of trading.

Bitcoin (virtual currency). Reuters.

Bitcoin (virtual currency). Reuters.

The January contract opened at $15,460 in New York on Sunday evening, before leaping to a high of $17,170 during Asian hours. They were last quoted at $17,120, a more than $1,000 premium to the price on Gemini Exchange.

The futures are cash-settled contracts based on the auction price of bitcoin in US dollars on the Gemini Exchange, which is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.


Updated Date: Dec 11, 2017 10:32 AM