Bitcoin futures opened the door to institutions as crypto reshapes finance, Giancarlo says

Regulated Bitcoin futures helped open cryptocurrency markets to institutional investors by enabling trading on both rising and falling prices, while reinforcing dollar-based pricing. Digital assets are now developing into the underlying structure of finance, former U.S. Commodity Futures Trading Commission chairman Christopher Giancarlo said. In a Schwab Network interview on November 2, Giancarlo described the launch of regulated Bitcoin futures in December 2017 as a turning point for market maturity. The ability to take positions on either side of the market, he said, was essential to attracting institutional investment.