This largest American electronic brokerage firm now allows lower bitcoin futures through the newbie betoken futures market on the regulated exchange CBOE, but these margin requirements may be priced for small-scale traders outside the market.
This interactive brokerage, which processes more daily average revenue business than any other electronic brokerage firm in the US, announced this announcement several days after the introduction of the first Bitakon futures in the CBOE.
Like many of its brokerage firms, interactive brokers initially did not allow the client to take short positions in the CBOE's Bitcoin futures market. However, the firm has changed its mind after seeing a large premium that January contracts were trading more than the Spot Price of Bitcoin.
Thomas Peterffy, founder and chairman of Interactive Brokers, said that Bitcoin trades at physical locations, at which price started the sale of these large premiums from the January Future contract.
It was trading $ 18,100 at the time of writing January futures, but according to the index price of CBOE, Bitcoin's spot price was $ 17,631.
They tell me that there are not enough brokers to allow shoring, Peterffy has explained in an interview with Buzzfeed News because if there are people who buy cash and sell futures.
It will be remembered Peterffy that Bitcoin is the most vocal critic of futures and has decided to make a list of those exchanges. Last month, he took a full-page advertisement (PDF) in The Wall Street Journal to warn about the risk that bitcoin futures may be on the broader financial markets.
In spite of this, these interactive brokers finally determined that since futures products were going to be listed in some way, they would not prevent customers from their business.
This firm said that it processed approximately 50% of almost all trading volumes during the first few days that bitcoin futures were listed on CBOE so that their decision to allow customers to short bitcoin has significant impact on the market.
However, due to the stringent requirements of the firm, many retail investors will be likely to get out of the market. All customers will have to maintain a margin of $ 40,000 per contract in their trading accounts for each small sale to take short positions. Since each CBOE contract is equivalent to 1 BTC, since this margin requirement works for more than 200 percent of the contract. Taking this for long, the customer should maintain the rate of approximately $ 50 per reference, for the reference, the difference of $ 9,000 per contract.
source https://www.cryptocoinsnews.com/want-short-bitcoin-going-cost/
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
To get off this list, please chat with us in the #steemitabuse-appeals channel in steemit.chat.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit