Bitcoin Futures Trading To Start Even Sooner; These Brokers Are Ready

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CBOE Global Markets said Monday that Bitcoin futures trading will start this coming weekend, and Riot Blockchain (RIOT) scored an investment for a digital currency exchange.

X According to exchange operator CBOE (CBOE), Bitcoin futures will trade under the ticker "XBT" starting Dec. 10 and trading will be free through the end of the year. That gives CBOE a week of exclusivity, Bloomberg noted, as its bigger rival CME Group (CME) said last week its bitcoin futures contracts will start trading Dec. 18.

U.S. regulators gave the go-ahead to both exchanges to list the virtual currency last week.

TD Ameritrade (AMTD) and Ally Financial (ALLY) plan to make bitcoin futures contracts available to customers, Bloomberg reported. However, Fidelity currently has no such plans and other major firms declined to comment.

Bitcoin was up 1.2% at $11,314.33 Monday, according to Coindesk. CME shares were up 0.4% on the stock market today, setting a fresh all-time high of 153.74 intraday. CBOE also pegged an all-time high of 127.78 before reversing lower.

Bitcoin Investment Trust (GBTC) rose 6%. Among other crypto-related stocks, Overstock (OSTK) and Riot Blockchain added 6% while Marathon Patent Group (MARA) edged up 1%.

IBD'S TAKE: Are Bitcoin, Ethereum and other digital currencies real investments or a speculator's game? Individual investors should be extremely cautious about diving into this new area. Read this feature about Bitcoin risks and possible gains first.

In another sign Monday of bitcoin's fast-growing appeal and potential legitimacy, Riot Blockchain said its Coinsquare holding won an investment of 10.5 million Canadian dollars ($8.3 million) from "a prominent global asset manager" with over a trillion dollars in assets under management.

The valuation of Coinsquare, a Canadian digital currency exchanges, has now tripled since Riot's September investment, Riot said in a statement.

Also on Monday, reports emerged that Blockstack's initial coin offering (ICO) has officially closed, raising $50 million through the sale of 440 million tokens. Union Square Ventures and the Winklevoss brothers' Winklevoss Capital count among the prominent investors.

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