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Cboe Global Markets Inc. started letting traders buy and sell bitcoin futures Sunday evening. Though the exchange operator warned volume might be low — new futures typically take time to build a following — almost 600 contracts traded in the first hour. As of 7:36 p.m. New York time, contracts expiring in January were priced at $15,800, or about 3 percent higher than bitcoin itself, according to data compiled by Bloomberg. The cryptocurrency spiked by more than $1,000 before paring the gain.

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