Exchange Operators Believe In Cryptocurrencies: CBOE

The major futures exchanges believe in the development of cryptocurrency trading and will push on with launching exchange traded funds that allow investors to trade in them, stock exchange operator BATS Global Markets Inc’s Chief Executive said on Tuesday.

Speaking on a conference call for BATS’ parent company CBOE Global Markets Inc , the owner of Chicago Board Options Exchange, Christopher Concannon and other executives declined to say when they expected regulatory approval for a bitcoin exchange traded fund they announced earlier this year.

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The future is not BitCoin or any other crypto currency that is in existence. They’re just numbers sitting out in cyberspace. They’re nothing to back them up but good will. When someone figures out how to poison the ‘blockchain’ well there will be no way validate what you have in you electronic wallet or if you have the rights to specific coins. Heck, I would imagine that the US, China, and Russia already have ways to do it. Someone can pump and dump for a few hours and completely collapse the market.