-WSJ
Bitcoin is moving from the margins of the financial world closer to its center. The world’s biggest exchange group, CME Group, said it aims to launch a bitcoin-based futures contract this year, assuming regulatory approval. That would be a big step forward in the evolution of the digital currency, enabling Wall Street banks and trading firms to protect themselves against bitcoin price swings and perhaps providing retail investors with an easier way to trade it. Bitcoin supporters say the virtual currency is gaining respectability, and CME’s plan offers a financial giant’s stamp of approval—a risk for the exchange, which could face embarrassment if the market implodes.
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