Bitcoin futures are about to launch, and it could be a wild ride

The New York Post reports:

Cboe’s venture into bitcoin futures marks the first time that institutions and traditional investors would be able to bet on the price of bitcoin without actually having to buy it.

CME Group is scheduled to launch its exchange on Dec. 17, and Nasdaq will start trading the futures in 2018.

The risk of trading the futures is so great that Cboe increased its margin requirement — or how much cash investors have to post to cover the risk — from 30 percent to 40 percent, spokeswoman Suzanne Cosgrove told The Post.

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