The brokerage company “Finam” is the first in Russia to have offered its customers to participate in trading in Bitcoin futures contracts.
The auction is organized by the Chicago Stock Exchange (CBOE). “In the near future, trading will begin on the CME (Chicago Stock Exchange) – the largest North American market of financial derivatives,” the report says.
Access to trading will be available only to qualified investors. The minimum contract volume will be one Bitcoin, the validity period is one month. The size of the commission “Finam” charges for transaction support is $1.5, the CBOE exchange site charges $15. The instrument’s code on the stock exchange is XBTC.
On January 29, the American rating agency Weiss awarded the Ethereum cryptocurrency higher rankings than Bitcoin rating. Ethereum, which is called the main competitor of Bitcoin, received an estimate of B, while Bitcoin earned a C +. Although Bitcoin dominates the market and is also a “strong brand,” it has not received a higher rating due to transaction speed issues and the unwillingness to update the code urgently to improve competitiveness.
On December 18, 2017, the Chicago Mercantile Exchange (CME Group Inc) started trading futures for Bitcoins. When opening, the cost of contracts for January 2018 was 20.6 thousand dollars.
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