Wall Street banks rebelled against the launch of the futures contracts

Wall Street's banks stand against the release of future Futures contracts, claiming that the financial system is not ready to continue rising prices. Every new day seems to bring a new price to the protein. Earlier in the day, it was reported that the digital currency exceeded $ 15,000, pushing the market value to more than $ 250 billion. That was after the release of Pitcairn news ahead of the upcoming futures release.

On December 10, the Chicago Stock Exchange (CCOE) plans to launch Futures Futures, followed by its Chicago colleague, CME Group on January 18.
That was after both received the CFTC's approval last week. While Nasdaq is keen to pursue its plans to launch Futures contracts in the first half of 2018. However, it is seeking to develop its various products for each of the Chicago bourses. On Wednesday, it was reported that the Japanese trading platform was to support the Betquin as a financial product by launching its own Bitquin futures. But despite these positive moves, which would enable investors to trade in Bitquin as an asset through an organized market, key brokers criticized the move.

In a letter from the Association of Futures Industry to the Commodity Futures Trading Commission, implementation of the Futures contracts "does not allow for general transparency and appropriate inputs." CME and Cboe have agreed to operate under a self-certification system for their contracts. However, this means that regulators will not have time to review them. According to the letter, the system of self-certification of "these new products does not correspond to the potential risks that lie behind their trade and should be reviewed." According to the FIA, its members have reservations about the reliability of the prices underlying the Futures contracts. Pitcairn has risen by more than 50 percent this month alone, and its price could fall as quickly. At the end of November, the digital currency dropped almost 20 percent within 90 minutes after reports that trading platforms were struggling to keep pace with rising demand.