Tag: bitcoin futures

TD Ameritrade Superbowl ad features Bitcoin futures

In a first for Bitcoin futures, US brokerage firm TD Ameritrade advertised the financial instruments in a Superbowl ad. The company began offering Bitcoin futures to select clients in December 2017. How to understand Bitcoin and cryptocurrency as it evolves and enters the mainstream dominate discussions in the community. While futures trading opens Bitcoin to institutional investors, critics argue that the financial instruments run counter to the spirit of cryptocurrency. Enthusiasts claim Satoshi Nakamoto envisioned cryptocurrency as a tool to make financial institutions redundant. Nevertheless, the rapid pace of adoption in the finance industry continues. Profit opportunities are much too...

Read More

Nasdaq CEO: our Bitcoin futures will be different

Rumors that Nasdaq is investigating the possibility of Bitcoin futures have been confirmed by none other than the CEO himself. Speaking to CNBC, Adena Friedman said that that the exchange is assessing all the risks. She added, that, if implemented, Nasdaq futures will be different than offers from CBOE and CME. The two exchanges started offering futures contracts on 10th and 18th December 2017, respectively. Earlier reports indicated that the Nasdaq may roll out bitcoin futures as early as the second quarter of 2018. Different from current futures contracts Nasdaq will use more sources for Bitcoin price than current...

Read More

Goldman Sachs to enter cryptocurrency market

After 2017’s immense growth in the cryptocurrency market, there’s more to come this year. While it’s impossible to predict industry growth, greater adoption, technological advancements, and discourse are likely. While some remain skeptical about the industry, others embrace the revolution or, at least approach it cautiously. With the advent of Bitcoin futures and their appearance on the market – introduced by CBOE and CME and plans to appear on NASDAQ itself, other companies are looking into possibilities of tapping into the almost $650 billion market. Last year we reported that two other companies were considering getting into the futures...

Read More

Making sense of Bitcoin futures. What are they and what do they do?

We’ve seen a lot of news about Bitcoin futures and how CME and CBOE exchanges started to sell them. Everyone seems really excited at the sudden mainstream acceptance of cryptocurrencies. But before we pop the cork on our champagne in celebration, let’s pause for a second and look at what futures contracts really are and what effect they will ultimately have on BTC price. What are Bitcoin futures contracts? Futures are an agreement to buy or sell Bitcoin at a specific future date, at a specific price. Once the contract parties sign, both have to act on it, regardless of...

Read More

Historic Moment at CBOE as Bitcoin Futures Seize the Day

Last week, Bitcoin took an incredible journey from $11,000 to the new ATH of over $18,000! Sunday marked the first time BTC futures entered the mainstream financial markets. CBOE launched Bitcoin futures starting at 17:00 Central time in the USA, with a price of $15,000 — corresponding to the value at the time of BTC on the Gemini Stock Exchange.   Circuit breakers   So-called “circuit breakers” insulate investors from Bitcoin’s wild volatility. As a result, each time the contract price rises by more than 10%, the market freezes for 2 minutes, while in the event of a 20%...

Read More