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Lloyd Blankfein

CBOE, CME to jump into bitcoin futures trading

CBOE, CME to jump into bitcoin futures trading

Bitcoin futures are coming to Chicago’s two main financial exchanges, allowing investors to bet on price swings of the prevailing digital currency and providing perhaps the biggest validation yet to a financial product that’s still largely unknown by the average consumer.

The Chicago Mercantile Exchange and the CBOE Futures Exchange are the first traditional exchanges to wade into the cryptocurrency market, lending legitimacy to the digital asset even as regulators warn investors that they could be in for a bumpy ride.

The move means investors will be able to bet on changes in bitcoin prices without actually buying bitcoin itself. Northwestern law professor...