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CME Group's Bitcoin futures contract price will be based on a large number of exchanges, from which the CME CF Bitcoin Reference Rate (BRR) is derived on a daily basis.
Bitcoin's introduction to the CBOE has been seen by some as a step towards legitimising the currency. Rival Cboe Global Markets had hosted $30m in bitcoin futures trading over the same time. CME Group, the operator of the world's largest futures exchange, launched its bitcoin futures product on December 18, 2017.
A CFD is a derivative financial instrument that mirrors the movements of the underlying asset such as an index, energy or a metal.
When you open a CFD demo account, you’ll be granted immediate access to a demo version of the platform, along with a pre-set balance of ‘virtual money’ to practice. The idea is to recreate the experience of a real trading environment as closely as possible so that you can get a real feel for how the platform works, as well as the different assets you can deal on and the kind of strategies and techniques you can exercise. The main difference is you won’t be using real money so that you can explore and experiment with confidence. But demos aren’t just for newcomers. Experienced traders often like to use demo accounts to try out new tools or ideas, safe in the knowledge that they won’t result in any real-world losses.
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