GREAT NEWS FOR ETHEREUM & BITCOIN FUTURES MARKET, in the works for the near future
Bitcoin and Ethereum is ready to get a derivatives market which is in talks for the near future. This could be great for the crypto community as it gets mass adopted in the years to come. Sunil Hirani is a key figure who is the exchange’s backers. The ether coin will be offered under the code name "Virtuoso".
The arrangement goes ahead the of CME Group Inc. and what's more, Cboe Global Markets Inc's. A choice to offer bitcoin futures, a sign the cryptographic money business is developing. Derivatives on bitcoin and ether could help draw proficient brokers and financial specialists, who've been reluctant to plunge into unregulated computerized money markets.
For further details see the videos and links below:
Omar from krypt0 news talks about bitcoin and ethereum futures starting at the 9th minute of the video.
This video was published on Nov 6, 2013 and talks about some of the projects of Sunil Hirani, CEO, trueEX.
Do you think this could lead to manipulation of the crypto market?
I think ethereum is more decentralized than bitcoin...bitcoin is more controlled by the miners specially from China...i'm sure there would be price manipuation because big money will have bigger price swings..
I check it once, then i check it twice. Because it is about Cryptocurrency. Thanks for sharing.