Wednesday, January 15, 2020 7:06:48 AM
Options on exchange-traded bitcoin futures launched Monday on the Chicago Mercantile Exchange, in response to growing crypto attraction and demand for tools to manage bitcoin (BTC-USD) exposure.
While volumes and open interest on a rival exchange known as Bakkt have been "rather small," the new offering could be a game changer, said strategists at JPMorgan led by Nikolaos Panigirtzoglou. "The first day of trading might be irrelevant - the first weeks and months might be more material," added Mike McGlone, an analyst with Bloomberg Intelligence.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
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