Cryptocurrency prices have had a meteoric rise over the past month as established securities markets embraced the asset class. However, the exchanges that have opened cryptos to the retail public may be the rally’s undoing. Bitcoin (BTC) in particular has had a tremendous run-up. On October 31, 2017, when the CME Group announced it was launching bitcoin futures, the cryptocurrency was trading at $6,128, according to Bitcoin.com. A little more than a month later, when neighboring rival Chicago Board of Options Exchange (CBOE) jumped ahead and launched its futures on December 10, bitcoin changed hands at $14,492. To put it in perspective, it took the S&P 500 more than six…
Blockchain and Cryptocurrency: People, Culture and Tech