Vontabel will release a short futures Bitcoin

The Swiss company asset management Vontobel will launch a new futures product that will enable customers to play on the price of Bitcoin.

This product will be launched on the stock exchange SIX this Friday. It will allow investors to profit even if Bitcoin price will fall. According to Reuters, the company will release two mini-futures type of derivative instrument that constitutes a part of the cost of traditional futures contracts.

According to Eric Blattmann, governing the Department of public distribution financial products Vontobel in the company, traders are constantly looking for opportunities to learn the latest news about cryptocurrencies.

"We are seeing huge demand for our long tracker certificate from investors interested in the potential growth of Bitcoin, and we will provide them the opportunity to insure their position or to take a short position".

Along with Vontobel, a Swiss company Leonteq Securities AG also announced the release of a similar product with a two-month maturity. In his statement, head of public solutions, Leonteq, Manuel Durr said that their customers like the available choice between long or short investment in Bitcoin.

Indeed, in recent years, increased the interest of large investors to cryptocurrency trading products. For example, the operator of the derivatives market CME Group, recently announced that it will launch a futures contract based on Bitcoin, trying to get ahead of their competitors. A us startup LedgerX offers direct trade futures of cryptocurrency, with bidding in $1 million last week
created by:Maxim Centurion | 17 November 2017 11:11