German Stock Exchange is Adopting Bitcoin Futures
December 15, 2017 12:06 pm
Bitcoin Future News
Deutsche Boerse considered listing Bitcoin Futures
Wirtschaftswoche, business outlet from German described that the Deutsche Boerse executives are discussing whether to list the bitcoin futures on Eurex, which is known as Europe’s Largest Futures and Options Market.
“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,” a spokeswoman for the exchange told the magazine.”
Anyhow, Deutsche Boerse is concerned regarding the potential for the price manipulation, claiming that most spot bitcoin markets are unregulated.
If Deutsche Boerse adds the bitcoin futures in the list, it will be the first regulated exchange in Europe to let the users access these products directly.
Institution’s eye on Bitcoin
In the beginning of the week, Wall Street has obtained its expand towards the Cryptocurrency futures after CBOE became the first regulated U.S exchange to list-out these products. CME– the world’s largest derivative exchange – will start trading the bitcoin futures on Monday, making them accessible. Nasdaq is expected to list the bitcoin futures in 2018.
Japan, which emerged as a major center for the cryptocurrency industry in Asia, is expected to attract Bitcoin’s future business in the near future. The CCN reported that the Tokyo Financial Exchange Bitcoin Futures are trying to list the products as “as soon as possible”, although the government should twist the country’s security laws to accommodate these products.