TD Ameritrade to Offer Bitcoin Futures as Price Hits $20,000

TD Ameritrade is to start offering Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures via CBOE on Monday, according to Reuters, as the value of a single bitcoin has now reached the preposterous price of $20,000.

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Interested customers will have to have a minimum balance of $25,000 in order to trade the contracts, and the margin requirement will be 1.5 times that of CBOE's Bitcoin futures, according to CNBC News.

CBOE launched the first ever Bitcoin futures contracts last week, in what was seen as a milestone in cryptocurrency/mainstream relations. On the first day of trading, 4,127 of the contracts were traded on the Chicago-based Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, and the system crashed twice as Bitcoin price spikes tripped circuit breakers that had been pre-set for safety.

The other major exchange in Chicago, CME Group, is to start trading the futures today, and last week we reported that Deutsche Börse is considering launching them too.

TD Ameritrade will not be supporting CME's Bitcoin futures, at least initially. The Nebraska-based broker is one of the world's top three according to capital markets research and consulting firm Tabb. As household name companies are beginning to queue up to offer this increasingly valuable asset, a rush of people are buying it, pushing the price up even higher. It has hit $20,000 on exchanges such as Bithumb, bitFlyer, Coinone and BTCC, as of writing.

To think that less than a month ago, $10,000 seemed a remarkable price.