CME announced Friday its new bitcoin futures contract will be available for trading on Dec.18, CNBC reported.
The CME announcement came as the Commodity Futures Trading Commission said it will allow the world's largest futures exchange and its competitor, the Cboe Futures Exchange, to launch bitcoin contracts. Cantor Exchange also self-certified a new contract for bitcoin binary options, the commission said.
Bitcoin traded more than 6 percent higher at $10,539 on Friday, recovering partly from a 20 percent drop to $9,021.85 from a record high of $11,377.33 hit Wednesday, according to CoinDesk.
"I think it is going to enable finally the approval of bitcoin ETFs, and other digital currency ETFs, which is game changing," Barry Silbert, founder and CEO of Digital Currency Group, said on CNBC's "Squawk Box."