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Bitcoin futures trading begins on CBOE exchange in Chicago

• https://www.bbc.com

The digital currency launched on the CBOE futures exchange in Chicago at 23:00 GMT Sunday, allowing investors to bet on whether Bitcoin prices will rise or fall.

Its value had surged in the run-up to its futures debut, which saw it rise another 17% to above $18,000.

Bitcoin's introduction to the CBOE has been seen by some as a step towards legitimising the currency.

The move is expected to be followed next week by a listing on the rival Chicago Mercantile Exchange.

CBOE trading saw the Bitcoin futures contract expiring in January start at $15,000 before rising to above $18,000. The contract is based on the price of Bitcoin as quoted on the Gemini exchange.

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