The second major derivative based on bitcoin is starting out to trade on the CME.

The CHICAGO MERCANTILE EXCHANGE Group, one of  the USA's primary exchanges of options and futures ,started out bitcoin futures and options for trading at 6 p.m. EST Sunday. The initial price for bitcoin futuress was $20,650, and the electronic currency was trading at $20,135 at 6:08 p.m. EST.

The virtual currency has skyrocketed in popularity and worth this year though drawing doubts about its volatility.

The CME bitcoin futures and options, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not consist of real bitcoin. They will trace an index of bitcoin price. Each contract will be for 5 bitcoin.  

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CME Group's Bitcoin futures contract price will be based on a large number of exchanges, from which the CME CF Bitcoin Reference Rate (BRR) is derived on a daily basis.

Note: Each CBOE bitcoin futures contract relates to the underlying price of one bitcoin. m. 18, and the fact the futures markets can exceed the market for their underlying asset, here's what yo know about bitcoin futures. 

A CFD is a contract for difference where you agree to exchange the difference in price of XRP from when you opened your position to when you close it.

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