Bank of America Approves BTC Futures Trading, Will Be Allegedly Using CME Bitcoin Futures Too

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Fri, 07/16/2021 - 13:02

Yuri Molchan

Bank of America will allegedly permit trading CME Bitcoin futures to some of its clients

Bank of America Approves BTC Futures Trading, Will Be Allegedly Using CME Bitcoin Futures Too

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As reported by CoinDesk, the second-biggest U.S. bank, Bank of America, allegedly plans to roll out Bitcoin futures trading for some of its customers.

CoinDesk cites two individuals who shared this data anonymously.

BANK OF AMERICA APPROVES BITCOIN FUTURES TRADING FOR SOME CLIENTS - COINDESK
— *Walter Bloomberg (@DeItaone) July 16, 2021

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According to them, BoA will also be using Bitcoin futures provided by CME. This Chicago-based exchange was the first entity to roll out BTC futures trading in December 2017, when Bitcoin hit its first significant all-time high close to the $20,000 price mark.

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.