Bitcoin is anovel digitalcurrency. It is produced based on decentralized computer system network system and dictated by composite cryptographic technology.
The second major financial instrument based on bitcoin is preparing to trade on the CME.
The CME Group, one of  the nation's major exchanges of options and futures ,created bitcoin futures contracts for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures contractss was $20,650, and the electronic currency was trading at $20,135 at 6:08 p.m. EST.
The virtual currency has exploded in popularity and equity this year while drawing challenges regarding its volatility.
The CME bitcoin futures and options, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not engage factual bitcoin. They will monitor an index of bitcoin price. Each contract will be for 5 bitcoin.  


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