Please beware that Bitcoin Futures contracts are not Bitcoin. Futures contracts are just derivatives (more like tokens) that have a price that is close to the spot market price of Bitcoin. Therefore, people actually trading them on those platforms are not trading the real Bitcoin and this does not mean increased Bitcoin adoption. So there is no big deal in my opinion.
If it was news like "Argentina and Brazil adopt or legalize Bitcoin" now that would definitely get me and most of us here excited.
Topic: Argentina Launches it's First Bitcoin Futures Contract, Brazil To Follow.. - page 2. (Read 220 times)
July 13, 2023, 06:42:28 PM
July 13, 2023, 06:10:36 PM
Bitcoin does not support Argentina to have their first Bitcoin Futures but it relies on Arghentina support to approve and launch a first Bitcoin Futures.
In nations with bad financial regulations like Argentina, I feel unknown about their capability to manage that exchange and the Bitcoin Futures well and safely for Argentinian citizens and cryptocurrency users. Let's hope they will not let any corruption and bad operations from the exchange.
We don't need to see things like Terra, FTX from Argentina. Market will be dumped or has fud if an exchange has problem with its operation.
In nations with bad financial regulations like Argentina, I feel unknown about their capability to manage that exchange and the Bitcoin Futures well and safely for Argentinian citizens and cryptocurrency users. Let's hope they will not let any corruption and bad operations from the exchange.
We don't need to see things like Terra, FTX from Argentina. Market will be dumped or has fud if an exchange has problem with its operation.
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July 13, 2023, 06:04:41 PM
It is no longer news or a thing to be really surprised about that different countries are now making moves which points to them adopting bitcoin..
It is in the news that Argentina, a Latin American country, has embraced bitcoin with the launch of the first bitcoin futures contract in the country.
(The Bitcoin futures contracts began trading today being Thursday, in the Matba Rofex market and, in this way, Argentine has became the third futures contract supported by this cryptocurrency in the world. This was possible after the CNV authorized it in April the relevant regulation and the Bitcoin Matba Rofex Index , on which this new offer of contracts with negotiation is based. Translated)
To find out more about this information, and also what bitcoin futures is and how they work, Please refer to this site - https://www.ambito.com/finanzas/bitcoin-comienzan-operar-los-contratos-futuros-la-criptomoneda-n5769258
Now, talking about Brazil, a south American country, it is noted that Last year, B3, the Brazilian Stock Exchange, announced its plans to launch a Bitcoin and Ethereum futures contract, although this is yet to be launched. It was previously scheduled for June this year, but it has now been postponed to the second half of 2023..
Looking forward to the good news from Brazil as well..
What do you think guys, let's discuss...
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