The Chicago Board Options Exchange (CBOE) announced early today that it would begin trading bitcoin futures the following week. The first day of Bitcoin trading for CBOE would be on Monday. NASDAQ is also planning on introducing the futures in the first month of 2018. Earlier this year, the United States Securities and Exchange Commission (SEC) denied applications for a Bitcoin ETFs because cryptocurrencies were unregulated, but CBOE head, Ed Tilly, stated that he planned to reapply with the SEC for a bitcoin ETF.
Oil prices climbed up in early trade in the Asian markets due to expectations of a drop in U.S. crude stockpiles and last week’s deal between OPEC and the other crude producers to extend output cuts in order to curb the oversupply. The international Benchmark, Brent Crude futures, went higher by 11 cents, or 0.18 percent, and were being traded at $62.56 per barrel. U.S. West Texas Intermediate crude futures went also up by 15 cents, 0.26 percent, closing at $57.62 per barrel.
The dollar was able to reap some gain on Tuesday but slowed down afterwards as investors were waiting the next step in the legislation of the U.S. tax reform. The dollar index kept flat at 93.113 after nit climbed by 0.3 percent yesterday. Against the yen, the greenback climbed to 112.500 yen.The euro remained stable at $1.1867 after dropping of 0.3 percent throughout the night. The pound remained unchanged at $1.3464 after it rose to $1.3538 the previous day.