Digital currency, Bitcoin just made its debut on the futures market Sunday.
Bitcoin’s first day on a major U.S. exchange is a hit so far, with the price of the first-ever futures contract for the virtual currency rising 18 percent.
Also, what is bitcoin? Well, it is a decentralized digital currency and worldwide payment system.
The futures contract that expires in January surged $2,730 to $18,190 Monday morning on the Chicago Board Options Exchange. Trading began Sunday, and the price rose as high as $18,850, according to data from the CBOE.
The CBOE futures don’t involve actual bitcoin. They allow investors to make bets on the future direction of bitcoin.
The first session of futures trading fit right in with the frenzy surrounding bitcoin. Traffic to the CBOE website was so heavy right after the start of trading that