The Chicago Board Options Exchange, which is the largest U.S. options exchange, plans to launch its own bitcoin derivatives trading products by early next year.
Pending review from the U.S. Commodity Futures Trading Commission, The CBOE Futures Exchange is planning to offer bitcoin futures through cash settlement which would start in the fourth quarter of this year or early 2018.
The Wall Street Journal first reported news of the agreement by Tuesday.
Bitcoin has more than doubled in value in the fiscal year 2017. The Value of all digital currencies were up from around $20 billion in the beginning of this year and are now trading at more than $100 billion, according to the CoinMarket.
Oil prices were down in the previous session, as investors traded cautiously after U.S. crude rose to nearly $50 per barrel.
U.S. West Texas Intermediate crude futures went lower by 56 cents, 1.1 percent, and were traded at $49.03 per barrel
Brent Crude futures, the international benchmark, tumbled by 35 cents closing at $52.01 per barrel.
Worries about crude oversupply from OPEC producers balanced out the previous day’s report which showed a strong U.S. gasoline demand.