In the first variant of Crypto Trend we introduced Crypto Currency (CC) and answered several questions concerning this new market space. There’s a good deal of NEWS within this market daily. Here are a few highlights that give us a glimpse of how exciting and new this market space is:
World’s largest futures exchange to make a futures contract for Bitcoin
Terry Duffy, president of the Chicago Mercantile Exchange (CME) stated believe sometime in the next week in December you will see our [bitcoin futures] contract outside for listing. You cannot short bitcoin, so there. You either buy it or sell it. So you make a two-sided market, I think it is always a lot more efficient. CME Plans to launch Bitcoin futures by the end of the year pending review. If successful, this will provide investors a workable way to golong orbrief on Bitcoin. Some sellers of Funds have filed for bitcoin ETF’s that monitor bitcoin futures. These Developments have the potential to allow individuals to invest in the money space without employing the services of a CC exchange, or owning CC’s outright. Bitcoin futures could make the advantage by enabling users and intermediaries to hedge their risks. That could increase the adoption of the cryptocurrency by retailers who wish to take bitcoin payments but are cautious of its price. Investors are utilized.
CME’s Move indicates that bitcoin has gotten too large to ignore, because the trade seemed to rule out crypto futures in the past. Bitcoin is about all anybody is talking about amid rising but placid markets in brokerages and trading companies, which have endured. If futures at a market took off, it would be impossible for any trade because liquidity and scale is significant in derivatives markets to catch up. You Cannot dismiss the fact that this is getting more and more of a story that will not go away, said Duffy in an interview with CNBC. There are mainstream companies that need access to bitcoin and there is huge pent-up requirement from customers, he said. Duffy believes bringing traders could make bitcoin less volatile.
We Did not mention ICO from Crypto Trend’s first edition mention it. Contrary to an Initial Public Offering (IPO), where a company has a real product or service available and wants you to buy shares in their company, an ICO can be held by anyone who would like to initiate a new Blockchain job with the intent of developing a new token on their own chain. ICO’s are unregulated and many have been shams. A bitcoin value ICO can raise a good deal of money to finance community and a Blockchain job. Sink back to reality after and then It is typical for an ICO to create a token price close to the beginning. There have been many, because an ICO is easy to hold if you understand the technology and have a few bucks, and we’ve got about 800. These tokens have a title, they’re all money, and except for the tokens, such as Bitcoin, Ethereum, and Litecoin, they’re dubbed alt-coins. Currently Crypto Trend does not advocate participating in an ICO, as the risks are high.