According to the Bitcoin bears, you can bet against the cryptocurrency in a month – Bitcoints

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Published on November 15th, 2017 | by bitcoin

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According to the Bitcoin bears, you can bet against the cryptocurrency in a month

According to the Bitcoin bears, you can bet against the cryptocurrency in a monthCME announced on Oct. 31 it would launch bitcoin futures by the end of the year, pending regulatory review.
The futures contract will be cash-settled according to the daily settlement price of the CME CF Bitcoin Reference Rate (BRR), which tracks a few major bitcoin exchanges.
If a trader sells a futures contract in anticipation of a decline in bitcoin, the trader locks in a gain if bitcoin subsequently drops.
Digital currency enthusiasts see the launch of bitcoin futures as another step towards establishing bitcoin as a legitimate investment asset.
Institutional investors who may be prohibited from directly purchasing bitcoin will be able to use the futures as a way to buy into the digital currency trend.

Source: Www.cnbc.com

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