Bitcoin update: Bitcoin starts trading on the huge CME exchange

Bitcoin has moved another step towards mainstream investing with the start of trading on the huge Chicago Mercantile Exchange financial futures market.

It comes as the value of the digital currency approached $20,000 on Sunday, before drifting below $19,000.

Last week, Chicago’s CBOE exchange began Bitcoin futures trading – bets on a future price – but CME is far bigger.

On Sunday, the chairman of UBS bank and former Bundesbank head Axel Weber joined the chorus of Bitcoin warnings.

“Bitcoin is not money,” he said in an interview and urged regulators to intervene.

Meanwhile, the French finance minister, Bruno Le Maire, has called for the issue to be discussed at the G20 summit of major economies in April.

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