Posted by The Verge on October 23, 2018 07:27:03After weeks of anticipation and speculation, the world’s first bitcoin futures trading platform has officially launched.
The platform, known as BLoomberg, will launch this Friday, October 27, for $2.99 per ounce, as well as futures in the greenback.
BLoombergh has been in the works for months and, after months of deliberation, the announcement is coming today.
It sounds like the platform will be the first bitcoin exchange to launch an exchange for futures trading in the United States, and it’s a big deal, for two reasons.
First, futures trading has historically been a very nascent market, with only a handful of exchanges around the world.
Second, futures are the best way to bet on the bitcoin future.
As we’ve discussed, futures will allow the price of bitcoin to move in ways that will have an effect on future prices.
In the short term, futures may help to prop up the price.
In addition, futures can allow you to take advantage of bitcoin’s volatility and to trade on a level playing field.
The platform will not be launching futures trading immediately, though.
It will take time for the platform to launch and it will only be available to those who already own bitcoin.
In a few weeks, the platform’s trading floor will open to the public.
In order to get in, you will need to register with the platform, which is free.
Once registered, you can trade bitcoin futures for dollars and euros, as long as you are able to access the platform and register with it.
To do that, you’ll need to create an account.
For now, it seems that there are no restrictions on how many futures you can buy or sell.
You can buy up to 50,000 bitcoins, but it seems like a lot for a short term trade.
You may want to do a quick look at the current bitcoin price for your region to see how much bitcoin is worth.
You can use your bitcoin as collateral to buy bitcoin futures at a profit.
However, you won’t be able to sell the bitcoin you have bought, as there’s no liquidity on the platform.
The only way to sell bitcoin futures is through the Bitfinex exchange, which has some limits on what it will accept.
However, it looks like the price on BLoomburg is looking a lot more reasonable than it has been for some time.
For instance, there are only a few days left before futures will be available for purchase on the exchange.
For example, if the price was $10,000, you could theoretically buy $10 million worth of bitcoin futures.
If the price were $100,000 per bitcoin, you’d be able buy $2 million worth.
All futures are backed by the bitcoin block chain.
That means that you won, as Bitcoinica CEO, Jeff Garzik, stated earlier this week, “absolutely nothing to lose.”
It’s also worth noting that BLoomberry’s trading platform will only work on the Bitcoin network.
The exchange is a decentralized exchange.
The price will also be pegged to the price in the bitcoin price.
So what do you think about futures trading on the new platform?
Share your thoughts below.
Source: The Verge