Source : Nasdaq Just Announced it is about to Launch Bitcoin Futures Contracts in 2018 Source On November 29, Nasdaq Inc (NDAQ.O) announced it was launching a futures contract for bitcoin in 2018, opening the market to a wider audience. The emergence of futures markets should pave the way for an ETF for the cryptocurrency; in early 2017, an ETF bid by the Winklevoss twins was rejected due to concerns surrounding bitcoin exchanges and regulation. Nasdaq has plans to launch a futures contract based in bitcoin sometime in 2018. While Nasdaq does not have a hard date set for its product, since 2015, the exchange operator company has offered an exchange-traded note based on bitcoin on its Stockholm exchange. On November 29, the price of bitcoin just climbed to its all-time high of $11,485 (Coinbase) just a day after passing the $10,000 mark. So far, the currency has appreciated more than ten times in value in 2017. Because of this abnormal rise, a lot of concerns have been expressed, and important figures on the world of finance have accused Bitcoin of being in a bubble. With this announcement, the company becomes the third U.S.-based exchange operator to plan derivatives contracts off of the notoriously volatile digital currency. So far, institutional investors were not getting anywhere near Bitcoin as the security risks and volatility surrounding it are too high. In any case, with the increased media attention the digital currency is receiving and the ever-increasing price surge in 2017, interest in bitcoin investments is increasing by the day. CBOE Holdings and CME Group, the world’s largest derivatives exchange, have both came forward with their plans to launch futures products based on bitcoin as well. However, they are still pending regulatory approval. In March, the SEC denied a request for CBOE to list what would have been the first U.S. ETF built to track bitcoin. CME stated its bitcoin futures contract would be based on the CF Bitcoin Reference Rate (BRR), a once-a-day reference rate of the U.S. dollar price of bitcoin, which currently takes prices from four bitcoin exchanges. CBOE will price its bitcoin future off the Gemini Trust, the digital currency exchange founded by brothers Cameron and Tyler Winklevoss. However, the Nasdaq futures contracts plan to use an index that taps into the prices of the cryptocurrency on more than 50 exchanges. While the Options Clearing Corporation (OCC) clears all Nasdaq futures products, a Nasdaq source also revealed the company was teaming up with New York-based money manager VanEck to develop the futures contract, which will be cleared by the OCC. VanEck had applied to the U.S. Securities and Exchange Commission (SEC) in 2017 to launch a bitcoin-related exchange-traded fund, but withdrew the request in September after speaking with SEC staff, according to a regulatory filing. The Security Exchange Commission is now requesting VanEck to wait until the instruments in which the ETF planned to primarily invest – bitcoin futures contracts – become available for investment. Up until now, VanEck …
Source : Nasdaq Just Announced it is about to Launch Bitcoin Futures Contracts in 2018 Source On November 29, Nasdaq Inc (NDAQ.O) announced it was launching a futures contract for bitcoin in 2018, opening the market to a wider audience. The emergence of futures markets should pave the way for an ETF for the cryptocurrency; in early 2017, an ETF bid by the Winklevoss twins was rejected due to concerns surrounding […] The post Nasdaq Just Announced it is about to Launch Bitcoin Futures Contracts in 2018 appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.
Source : Op-Ed: A “Bit” of Something To Talk About Source While writing this week’s Op-Ed piece, Bonnie Raitt’s popular song Something To Talk About immediately came to mind. Yes, I know it has nothing to do with Bitcoin. But then again maybe it does, namely, humanity’s growing love affair with this kingpin of cryptocurrency. With the price of bitcoin soaring to new heights, the crypto world is all abuzz. At the epicenter of all of this chatter is LendEDU, a micro-financing firm for startups and entrepreneurs. In September they surveyed 1,000 Americans about what they perceived to be bitcoin’s utility as both an investment opportunity and as a currency. In October, they asked 1,000 Americans a series of questions related to Ethereum, Ripple, and Initial Coin Offerings. Over the last couple months, their data has shown a steady uptick in interest among many Americans about the world of cryptocurrency. In November, they commissioned a new poll of 564 Americans who have invested in bitcoin. The goal? To test current sentiments and future expectations among bitcoin investors. Part 1 of the poll was released on November 15, 2017. On November 26, 2017 they released Part 2 of the poll conducted to the same respondents. I personally found a number of these survey results from Parts 1 and 2 fascinating and thought I’d share them with you: The average bitcoin investment value per respondent was $2,930.85, 39 percent plan to hold bitcoin investments for one to three years, 16 percent plan to hold bitcoin investments for less than one year, and over 21 percent plan to hold bitcoin investments for over seven years, 67 percent of bitcoin investors have not sold any of their positions since investing, 64 percent of bitcoin investors plan on reporting Bitcoin transactions to the IRS, 36 percent of respondents do not plan on reporting, On average, the respondents would sell all of their bitcoin investment at an astounding $196,165 per coin – roughly 30x the current value, 44 percent of bitcoin investors routinely worry about the technological security of their investments, 49.49 percent of bitcoin investors would rather own bitcoin through an exchange-traded fund (ETF) while that figure is just 42.55 for futures contracts, 31.21 percent of bitcoin investors believe that increased regulation and oversight is a good thing for the price; 53.02 percent believed that increased participation and presence from financial institutions would have a positive impact on price, 31.56 percent of bitcoin investors believe bitcoin should be classified as a commodity, 39.54 percent classified as a security, 28.90 percent are unsure, 84.40 percent of bitcoin investors believe that Bitcoin will have the largest market capitalization in five years, 15.60 percent think otherwise, while 51.60 percent of bitcoin investors have invested in other cryptocurrencies (ex. Ethereum, Ripple, and more), Now, that’s something to talk about! For the full report and survey: https://lendedu.com/blog/investing-in-bitcoin The post Op-Ed: A “Bit” of Something To Talk About appeared first on BTCMANAGER.
Source : Chicago Board Options Exchange CBOE To Launch Bitcoin Futures Trading Source Over the last few weeks, many bitcoin enthusiasts have welcomed the news of possible bitcoin futures markets. Recently the Chicago Board Options (CBOE) launched its bitcoin derivative contract specifics, giving hope for all investors who are interested in the new trading vehicle. Being the US largest options exchange, CBOE said that its plan to launch the bitcoin futures products will happen in the fourth quarter. This move follows a number of other financial institutions which have also hinted about introducing Bitcoin futures as well. CBOE to Use XBT Ticker for the New Products According to the Chicago Board Options Exchange, its products will use the XBT ticker, a similar one being used by Kraken – another bitcoin exchange. There are also expectations that the company will also introduce other types of contracts in a bid to get a bigger share of the market quickly. “The contract multiplier will be 1 so if a contract is trading at parity with bitcoin it will be worth about $7,900 based on current pricing — The minimum tick for a directional, non-spread trade is 10 points or $10, and a spread trade will have a much smaller tick of 0.01 bitcoin or $0.01,” says Russell Rhoads – the CFA of Cboe. CBOE swaps more than $2 billion in its contract trade volumes annually, offering a good number of derivative products for about 2,200 companies, 22 stock indices and 140 ETFs. Increasing Demand for Financial Products that are Based on Bitcoin There’s a notable increase in the demand of financial products that are bitcoin-based because of the surge of value of several cryptocurrencies, with some financial institutions taking a turnaround on their bitcoin assessment. Goldman Sachs, for instance, advises its investors to adopt bitcoin and not ignore it anymore, after previously criticizing the digital currency. This increasing demand for bitcoin derivatives and futures is seen to result in high competition among all industry players. The competition is expected to be tough, especially with the entry of CBOE, considering that the firm is the biggest exchange of its kind in the United States. To compete effectively, however, there are some issues that CBOE needs to resolve, among them being how to relate the contracts it offers to spot the pricing of bitcoin.
Source : SwipeStox – NAGA Group’s CYBO Social Trading Options Network? Source SwipeStox – Social Network for Traders Launched in 2015 as a sub-organization of The NAGA group AG in Hamburg, Germany, SwipeStox is social network for traders which allows everyone to trade forex, cryptocurrencies, stocks, ETFs and CFDs by copying other traders. Since its launch, the network has been used by hundreds of thousands of traders, facilitating more than 200,000 monthly transactions to the tune of $4 billion. SwipeStox was built to be as simple and efficient as possible, removing most of the technical indicators that nobody understands. Instead, the focus is on creating the most transparent social trading community and platform in the world. Support for Bitcoin was recently introduced, allowing users to trade Bitcoin as CFDs and soon be used as a funding method to deposit money. On the SwipeStox network, users earn a passive income by copying the best trades, auto-copying the best traders on the platform or by their own trade getting copied by others. SwipeStox boasts the most powerful, innovative and secure features for social trading, including a news feed, risk protector and a new newly introduced Robo advisor, CYBO, a self-learning algorithm capable of managing portfolios 24 hours a day. New users can practice for free and get to grips with the platform using a demo account with $2500 balance before they start trading for real. Features More than 700 trading instruments on one platform, including Bitcoin, Ethereum, Litecoin, Dash and Ripple Transparent trading with ultra-low spreads, benefit from market movements and enjoy the fastest execution Strong technical support, help with all trading problems and support in setting up the user’s personal trading desk With both mobile apps and web trader available, users can trade on any device Clinical execution of trades, 99% of all trades execute in less than 250 ms. SwipeStox ensures users get the best rates 24-hour phone order execution with an experienced trading desk, allowing users to open and close positions even when their device is playing up Free unlimited demo accounts to test new strategies and ideas without any risk CYBO is a self-learning algorithm, capable of managing portfolios 24 hours a day. CYBO’s technology enables continuous risk monitoring and dynamically allocates the best trades, controlling risk based on user preferences. CYBO offers you the best market & investment opportunities based on the top SwipeStox traders worldwide. Auto Copy allows users to automatically copy all trades of the top performing traders on the platform SwipeStox Protector allows users to manage their risk by setting risk limit. Trade is automatically closed when one of the limits has been reached Trader Radar is another quite unique feature of SwipeStox. This lets you find other traders who are physically located nearby. Users can then connect with them and start building their own community. So how does SwipeStox make money in all of this? Each broker pays SwipeStox a small percentage of the revenue generated by each new position open by their …
Source : NASDAQ Bitcoin Futures – Wall Street Journal Reports 2018 Launch? Source NASDAQ is preparing to launch bitcoin futures in the first half of 2018 according to a new report from the Wall Street Journal, which cited people familiar with the situation. NASDAQ Inc. and broker Cantor Fitzgerald LP will join forces to trade bitcoin futures. They’re part of a growing group of mainstream financial companies seeking to add bitcoin to their offerings. Last month, two major Chicago exchange operators – including CME Group, the largest futures and derivatives market in the world – announced plans to launch bitcoin futures. In a separate statement, Cantor Fitzgerald LP announced plans to launch their own bitcoin futures on an exchange they own. Obviously, NASDAQ is more of a household name than CME Group, which announced plans to release its own bitcoin futures contracts last month. However, CME is a far bigger player in the futures market. CME Group operates the largest futures and derivatives exchange in the world. In comparison, NASDAQ’s futures exchange (NFX) has approximately one-third of the volume of CME’s exchange. Nasdaq aims to launch the bitcoin futures in the first half of 2018. Futures contracts, for those out of the loop, are an agreement to buy or sell an asset at a future date at an agreed-upon price. Futures contracts can be traded on an exchange. One party involved in the contract agrees to buy a certain amount of a security or asset at a certain date at a certain price, while the other party agrees to sell it. Airlines use futures trading to hedge bets against uncertain oil markets. The futures market is also popular with farmers, or anyone involved in commodities markets. Over the years, however, futures trading has branched into stocks, bonds, and other assets. You can trade futures shares of ETFs, for example, or futures contracts for individual stocks and bonds. One reason futures contracts are popular is the use of leverage. Traders can take a substantial position while putting up a relatively small amount of cash. In any case, bitcoin futures are officially a thing – and Wall Street is increasingly paying attention to the world’s largest cryptocurrency.
Source : A New Blockchain ETF Is Up for SEC Approval Source Horizons ETFs Management has filed for a new blockchain exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The SEC filing , dated Nov. 22, reveals that the blockchain fund will invest least 80 percent of its total assets in the common stock of the companies that are included in the index – called the […] The post A New Blockchain ETF Is Up for SEC Approval appeared first on Bitcoin Wiki.