New York/Washington — Bitcoin rose after CME Group and Cboe Global Markets said they will offer futures contracts as soon as this month, capping a record-breaking week that made the digital currency the focus of investors from Wall Street to Main Street. "This is going to bring large sums of money in this area," said Naeem Aslam, a chief market analyst at TF Global Markets in London. "It sends the message that the product does have some regulation around it and it is trading on the same exchange where other reputable derivatives are." The world’s largest digital currency has surged about 30% this week, reaching a record high of $11,434 on November 29. The gains came with volatile intra-day price swings of as much as 20% as online exchanges struggled to handle the surging interest and as warnings of an asset bubble intensified. The currency has risen more than 11-fold this year. "It will be interesting. I think it’s generally positive," billionaire venture capitalist Mark Cuban said ...
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