First Bitcoin Futures Contract Debuts in Argentina
According to Matba Rofex, the trading platform behind the investment vehicle, the first Bitcoin futures contract in Latin America has started trading .
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Argentina hosted its first bitcoin futures contract on July 13, just three months after the country's securities watchdog approved the underlying index as part of a trading program. strategic innovation.
According to Matba Rofex, the trading platform behind the investment vehicle, this is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are required to buy and sell the asset on a predetermined future date.
Argentina's securities regulator, the Comisión Nacional de Valores, approved the Bitcoin Futures Index in April as part of an innovative program to encourage public-private collaboration for new financial products.
The Bitcoin futures contract will be based on the price of BTC quoted by several market participants providing BTC/ARS trading pairs. All transactions will be settled in Argentine pesos and traders are required to make deposits by bank transfer.
According to local media, the product will initially only be available to institutional investors. There is no clear timeline for when retail investors can trade Bitcoin futures in the country. With the futures index, qualified investors can gain exposure to BTC in a transparent and regulated environment.
Argentines
According to Matba Rofex, the trading platform behind the investment vehicle, the first Bitcoin futures contract in Latin America has started trading .
News
Join us on social networks
Argentina hosted its first bitcoin futures contract on July 13, just three months after the country's securities watchdog approved the underlying index as part of a trading program. strategic innovation.
According to Matba Rofex, the trading platform behind the investment vehicle, this is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are required to buy and sell the asset on a predetermined future date.
Argentina's securities regulator, the Comisión Nacional de Valores, approved the Bitcoin Futures Index in April as part of an innovative program to encourage public-private collaboration for new financial products.
The Bitcoin futures contract will be based on the price of BTC quoted by several market participants providing BTC/ARS trading pairs. All transactions will be settled in Argentine pesos and traders are required to make deposits by bank transfer.
According to local media, the product will initially only be available to institutional investors. There is no clear timeline for when retail investors can trade Bitcoin futures in the country. With the futures index, qualified investors can gain exposure to BTC in a transparent and regulated environment.
Argentines
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