Bitcoin Matures as Futures Open Wall Street Floodgates
- Futures contract brings regulation to lucrative bitcoin market
- CME reverses course to offer derivatives demanded by clients
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Bitcoin is going legit, for better or worse.
The digital currency that JPMorgan Chase & Co.’s Jamie Dimon called a fraud is set to step into the mainstream of finance now that CME Group Inc. has announced it will introduce trading in bitcoin futures by the end of the year. The move by the world’s largest exchange owner will up the game for the software-created asset and finally bring it some regulatory cover.