The largest futures exchanges in the world, CBOE and CME Group, have agreed to trade Bitcoin futures. The South Korean government seems to have a hard time understanding these currencies that do not look like anything else in the financial world. Recently, South Korea announced its intention to start regulating digital currency trading and taxing the profits of cryptocurrency. The country has also banned initial offers of coins (ICO).

The citizens of the Asian nation have been aggressive buyers of Bitcoin and other digital currencies, often paying substantial premiums on Western trade. Tony Lyu, CEO of the South Korean Korbit Exchange, explained:

"The word is spreading very quickly in Korea.Once people are invested, they want all of the world is joining the party.There has been this huge, almost communal movement around this. "

Futures Markets

If CBOE and CME Group do not seem familiar to you , your average person on the street is certain to know this one: Nasdaq. The well-known technology exchange is preparing to offer Bitcoin futures next summer. In Japan, the largest Bitcoin market in the world, the Tokyo Financial Exchange also lays the foundation for the supply of futures.

South Korean trade is also preparing, until the South Korean authorities reject the idea. On December 5, the country's Financial Services Commission ordered members of the Korea Financial Investment Association to suspend their plans to offer Bitcoin futures. Two Korean securities companies had already planned seminars for Bitcoin term investors.