Bitcoin Future Forgoes By US Finanacial Exchanges

Bitcoin Future Forgoes By US Finanacial Exchanges

However, The plan was dropped as Last year as legacy exchange CME group given a bitcoin price index with the intention of adding its futures.Bryan Durkin, who heads Chicago-based CME, aothority told they were not going to list futures. He mentioned that this technology is nascent and that digitization of technology is on their radar. He further stated, regarding future “I really don’t see us going forward with a bitcoin futures contract in the very near future.However, some investors want exposure to btc. There is a market for indirect exposure via futures contracts. Now CME will not quote futures pairings to its customers, many of their competitive players are venturing the futures markets. Chicago, CBOE Holdings Inc. has decided to add futures contracting for bitcoin to their offering. They plan toi mplement futures contracts in the fourth or last quarter of next year, as per the media reports. CBOE entered into an alliance with the Winklevoss venture Gemini Trust Co in so that clients can be offered these future options.

Bitcoin Futures Contracts

As Large US Financial Exchange are Forgoing Futures. Not only in US rather outside the country many players have tried their hands in bitcoin futures. In Singapore  a company called Starits have inititated it last year .Straits have joint venture with Bitpay to make the transition professionally seamless. Straits Financial offering consist multitude of trading tools such as derivatives commodity futures, OTC markets etc. According to Straits Financial Singapore has is an established market and it has  potential to emerge Asia’s international financial market. Collaboration with Bitpay will give an access to clients of brokerage houses to use bitcoin. Nevertheless it will be interesting to monitor the trend as how many legacy financial exchanges will draft futures contracts for their clientele due to bitcoin adoption is increasing. According to Ed Tilly CBOE’s chairman and CEO focused investor demand as the main reason for the introduction of futures markes. He mentioned in a comment that people need an exposure so that Large US Financial Exchange Forgoes Futures contact along bitcoin.Still investors are going ahead got future markets.