Bitcoin’s Next Futures Expiration Is This Wednesday

The Chicago Board of Exchange, or Cboe, allows investors to buy or sell Bitcoin futures. This allows a person or organization to only have to pay for 44% of Bitcoin’s price, giving them a leveraged position. However, future contracts have expiration dates, which makes a risky investment even riskier .

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Current contract expires on Wednesday

The Cboe currently has four monthly Bitcoin contracts available. The closest one expires this Wednesday, and just over the past week it traded between $8,380 at its low point to $11,710 at its high, a 28.4% range. One news item that created this volatility was the SEC announcing that cryptocurrency trading platforms needed to register with it.

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