Deutsche Boerse, the Stock exchange operator, is apparently thinking whether to fabricate Germany as the first European country to list fully furnished bitcoin futures contracts on a regulated trading platform.
Deutsche Boerse Mulls Listing Bitcoin Futures
According to German business outlet Wirtschaftswoche, Deutsche Boerse executives are conducting discussions about whether to list bitcoin futures on Eurex, which is Europe’s largest futures and options market.
A spokeswoman for the exchange told the magazine that “We are thinking about futures, with which private investors and institutional investors can protect existing investments in Bitcoin or set for falling prices of the cyber currency.”
Anyway, Deutsche Boerse who is concerned about the potential for price manipulation given that most spot bitcoin markets are unregulated a common complaint among critics of cryptocurrency futures.
The bitcoin Futures will be the first regulated exchange in Europe to provide investors with direct access to these products if Deutsche Boerse lists it.
No European exchange operator has listed full-fledged futures contracts. Two financial houses have launched mini futures on SIX that are, Switzerland’s principal stock exchange and Nasdaq Nordic which has listed two exchange-traded bitcoin notes.
Institutions Eye Bitcoin Exposure
As it is still a growing asset class, the institutional investors have been screaming for the ability to gain manifestation to cryptocurrency without the systemic risks of holding the assets directly, and futures meet this need.
In the early days of this week, Wall Street had acquired its first publicity to cryptocurrency futures after CBOE became the first regulated U.S exchange to list these products. The world’s largest derivatives exchange, CME is going to begin its trade of bitcoin futures from Mondays onwards making them available to an even broader swath of traders. Various other U.S exchange operators are expected to list the bitcoin futures in 2018 especially Nasdaq.
Japan which is a country that has appeared as the key hub for the cryptocurrency industry in Asia, is also expected to attract bitcoin futures trading in the near future. CCN reported that the Tokyo Financial exchange is working its maximum to list bitcoin products as fas as possible. Moreover this, it must make the government accept to tug up the country’s securities laws to accustom these products.
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