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First US bitcoin futures start trading at 6PM Eastern
Bitcoin is one step closer to becoming a part of the mainstream financial world. Cboe is launching the first US bitcoin futures exchange at 6PM Eastern, giving speculators a chance to bet on the value of the cryptocurrency through a listed (XBT), regulated entity. You don't use a digital wallet or otherwise require bitcoins -- instead, you trade and settle futures contracts using cash, with a $10 minimum price interval and a $1 transaction fee from January onward. There aren't any price limits, and you can short your futures (that is, immediately sell them in hopes of turning a quick profit) if your broker allows it.
