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A futures exchange in Tokyo is reportedly taking the first steps toward launching bitcoin-related products.
Bloomberg News said earlier today that Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around the cryptocurrency. As the news service explained, this would constitute a first step toward pushing for a change in Japanese national law that would clear the runway for a bitcoin future.
The disclosure came on Dec. 1 during a press conference held by CEO Shozo Ohta, during which he said that the exchange would seek to move quickly pending regulatory approval.
Read more here...
Bloomberg News said earlier today that Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around the cryptocurrency. As the news service explained, this would constitute a first step toward pushing for a change in Japanese national law that would clear the runway for a bitcoin future.
The disclosure came on Dec. 1 during a press conference held by CEO Shozo Ohta, during which he said that the exchange would seek to move quickly pending regulatory approval.
Read more here...
I am predicting that there would be more exchanges to launch their own version of Bitcoin futures contracts into the open market. As more and more people are interested to get into Bitcoin without having to own one, finance firms are listening to the trend and would try to cash in with the bandwagon. In 2018, I am sure we can hear more and more futures launches all over the world. There is no question the legitimization of Bitcoin is here and soon those countries doubting the viability of Bitcoin will also be joining the party. Let's watch how will these futures affect the overall growth pattern of Bitcoin though am positive that this can create more windows for Bitcoin to further grow and expand.