German stock exchange operator Deutsche Boerse is “deep at work” on evaluating whether to offer bitcoin futures and other cryptocurrency-related products, one of the firm’s top executives said on Wednesday. Speaking at an industry even in London sponsored by the Association for Financial Markets, Deutsche Boerse head of clients Jeffrey Tessler said that the firm is holding serious discussions...
Plus500, an online exchange specializing in contracts for difference (CFDs), had blockbuster top- and bottom-line performance in its first quarter amid heightened demand for cryptocurrency trading, though it warned that market conditions have since returned to more "normal levels." The London-listed Plus500, whose headquarters are located in Israel, benefitted from the volatility in...
JPMorgan CEO Jamie Dimon might consider bitcoin to be a “fraud” that “will not end well,” but one of his top strategists anticipates that the launch of bitcoin futures could turn cryptocurrencies into “an emerging asset class.” As reported by CNBC, Nikolaos Panigirtzoglou, a global markets strategist at JPMorgan, said Friday that the addition of bitcoin futures contracts to regulated trading...
Bitcoin futures contracts are scheduled to launch in one month on the world’s largest derivatives exchange, and market analysts have nothing to fear. That’s according to Terry Duffy, chairman and CEO of the Chicago-based CME Group, which will soon become the first licensed U.S. derivatives exchange to list bitcoin futures contracts. Speaking with CNBC, Duffy revealed that CME plans to launch...
A UBS economist says that CME Group’s plan to launch bitcoin futures contracts mirrors Tulipmania in 17th-century Holland. As CCN has reported, Chicago derivatives exchange operator CME Group has announced plans to provide its clients with bitcoin futures contracts before the end of the fourth quarter. In addition to luring Wall Street capital into bitcoin-related products, the creation of...
The bitcoin price surged to a new all-time high on Tuesday following CME Group’s announcement that it intends to list bitcoin futures contracts before the end of the year. World's Largest Derivatives Exchange to Launch Bitcoin Futures This morning, CME Group -- the world’s largest derivatives exchange -- revealed that, pending regulatory approval, it will enable trading of bitcoin futures...
If you were awake in the last decade and even remotely cognizant of the global financial crisis, you've heard the names Goldman Sachs and Morgan Stanley. Goldman was one among many subjects of a holy crusade by Rolling Stone writer Matt Taibbi. Taibbi spent years uncovering evidence of market manipulation and monopolistic practices (not to mention "sub-prime" lending and other toxic policies that...
Bitcoin brokerage Crypto Facilities announced the launch of a bitcoin derivatives trading platform found at cryptofacilities.com. The Bitcoin firm that is based in London is run by a former Goldman Sachs director, Dr. Timo Schlaefer. Forward Contracts - Ideal for Bitcoin In the announcement, the Crypto Facilities said that they would begin trading in Bitcoin derivatives with a forward contract on...