The opening of CME Group trading on bitcoin futures makes this currency legal in the eyes of traders from Wall Street.

Describing the impact that this event had on the crypto currency market, Bloomberg described the situation as "the gateways opened" meaning that now the crypto currency is open to a variety of investors including institutional ones:.

Bitcoin becomes legal, for better or worse.

More recently, CME Group has stated that it does not plan to launch operations with bitcoin. Therefore, such a step of the company is unexpected.

The company claims that it is the demand among customers that has become a key factor in the opening of trading on bitcoin futures. Terry Duffy, Chairman and Chief Executive Officer of CME Group, commented on this event:.

Given the growing interest of clients in developing markets, crypto currency, we decided to enter contracts on bitcoin futures.

As the world's largest regulated FX market, the CME Group is a natural space for this emerging market, which will provide investors with transparency, affordability and risk diversification opportunities.

Despite the fact that there are still many opponents of crypto-currency on Wall Street, the fact that the CME Group is now in the camp of bitcoin supporters positively influenced the price for the number one crypto currency, which began to grow right after the announcement, and at the time of publication is 6500 dollars.