Since the increasingly popular digital money made its debut on a major US exchange, the first bitcoin future started trading on Sunday.

In its first hours of trading on the Chicago Board Options Exchange the futures contract climbed from $15,460 to $16,000. The CBOE futures do not demand real bitcoin. They are securities which will monitor the purchase price of bitcoin on Gemini, among the bigger bitcoin exchanges.

The beginning of trading in 5pm CST defeated the CBOE site. Because of the heavy traffic on the site, people on the www.cboe.com site may discover that it’s performing slower than normal and can occasionally be temporarily inaccessible, the exchange explained in a statement. However, it said the trading in the stocks hadn’t been disrupted.

On December 18, Chicago Mercantile Exchange, another big future exchange, will begin trading its own futures but may utilize a composite of many bitcoin deals across a small number of trades.

The purchase price of a bitcoin has surged since starting the year under $1,000, hitting a peak of over $16,858 on 7 December about the bitcoin market Coindesk. At 6:25pm CST, it was at $15,244 on Coindesk.

Futures are a sort of contract where a purchaser and a seller agree on a price for a specific item to be sent on a particular date in the near future, thus the name. Futures are offered for just about any sort of safety but are most famously utilized in commodities like soy, wheat, oil, gold and cocoa.

The futures indicate greater mainstream acceptance of bitcoin but also open up bitcoin to further market forces. The futures enable investors to bet that bitcoin’s cost will drop, a practice called shorting, which is quite tricky to do.

There are other efforts to attract bitcoin investing in the mainstream. Tyler and Cameron Winklevoss, twin brothers that have considerable sums in bitcoin, attempted to make an exchange-traded fund according to bitcoin, but national regulators refused their program.

How much real investor interest there’ll be in such bitcoin futures remains up in the air. Many bigger Wall Street brokerages and clearinghouses, such as Goldman Sachs and JPMorgan Chase, are either not allowing clients to exchange bitcoin futures or just allowing certain customers to achieve that. Additional brokerages are placing limitations on the total amount of margin a dealer can utilize in bitcoin futures, or placing limits on the quantity which may be bought.

The electronic money has had more than its fair share of critics on Wall Street. One of which is Jamie Dimon (CEO of JPMorgan Chase), which has predicted bitcoin as a fraud. Thomas Peterffy, chairman of this broker-dealer Interactive Brokers Group, voiced profound concerns regarding the investing of bitcoin futures last month, saying there is not any fundamental basis for evaluation of Bitcoin along with other cryptocurrencies, and they might assume any cost from one day to another.

Bitcoin is the planet’s hottest digital money. Such monies aren’t tied into a lender or governments and permit users to shell out money anonymously. They are essentially lines of computer code which are digitally signed whenever that they are traded.

A debate is raging on the merits of these monies. Some state they serve only to facilitate money laundering and illegal, anonymous payments. Other people state that they may be helpful procedures of payment, like in emergency situations where federal currencies have dropped.