Bank of America Approves Bitcoin Futures

Wong Gendheng

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Quote from: RondoAnyar on July 17, 2021, 10:46:15 AM

Banks are starting to accept bitcoin especially in the United States. this seems to be interesting and slowly bitcoin can be accepted by all companies in the world. I hope all banks can slowly accept crypto in their companies

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America certainly has a strong influence globally, if many large American banks and companies accept bitcoin, it is certain that there will be no world companies that reject bitcoin, a bull run will occur soon.

Anonylz

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Quote from: ropyu1978 on July 22, 2021, 04:14:13 AM

Quote from: ARTURVH on July 18, 2021, 08:49:25 PM

It is difficult to say that this kind of news is positive. Especially now in a bear market. It should be noted that the banking system and the confidential money market system are two completely different models. Even the opposition between centralization and decentralization.

maybe this is a good sign for bitcoin, but this may be inaccurate news, because we know the US government strictly prohibits bitcoin mining, and still prohibits their people from adopting bitcoin, but if this news is true and can be trusted most likely, this will be good news for bitcoin..

Adoption will not come at once, it has to go through process to get to that stage, the use government nay have strict rules regarding btc mining and acceptance but for some reason most big organizations in USA are able to associate with btc even in the face of this strict rules by the government, they say every problem has a solution, and somehow btc is penetrating deep into the system so who knows at some point the government will have no choice than to soften all this strict rules and make them more flexible.

Shenzou

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Merit: 283

Quote from: fuguebtc on July 17, 2021, 09:52:40 AM

The second largest bank in the United States, has approved bitcoin futures trading for some clients, using CME contracts. Meanwhile, in 2018, Bank of America banned financial advisers from trading Bitcoin and related contracts.
In my opinion, I have the belief that in the future many banks will accept similar transactions of this valuable cryptocurrency.
https://www.nasdaq.com/articles/bank-of-america-approves-bitcoin-futures-trading-for-some-clients%3A-sources-2021-07-16

This is some good news regarding the mass adoption of bitcoin and crypto in general, after what we have seen with china banning bitcoin and crypto mining the price took a hit, but with this news we are seeing the price recovering, and i am sure that if other government see that US accepting bitcoin they will also start accepting it as well, and we will see a mass adaptation of bitcoin.

rodel caling

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Wow good to hear that.they starting to like bitcoin fir their transaction.I am so happy to heard that.yeah hopefully someday all kinds of bank and digital currencies will accept in the near future for all over the world.so life will most be easily in term of payment transaction where ever we are.

Fecofelix

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Bank of America is the second largest bank in U.S, has approved the trading of bitcoin futures for some clients.A number of investment banks are reportedly allowing clients to invest in critical products.

bosede1

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It is good reading threads like this because it shows that the future that awaits bitcoin is a good one that will be accepted by many classes and nations all in the long run. For investors, this is a kind of assurance

dupee419

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In the future, more banks would likely agree about Bitcoin and the future, as Bitcoin grows, more banks will adapt to the digital life, therefore agreeing that cryptocurrency will live for several years, and so does the name of their banks of course.

sheryllmcnulty

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Yep, that’s correct @Btcvilla. This news will have a good impact on bitcoin trading in other countries too.

Mistafreeze

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This is a very good idea and I believe that more are still yet to come, with so many persons adopting the use of Bitcoin in the nearest future. The banks and big firms are now seeing the importance and the need to accept Bitcoin to retain their customers cause they can always look for ways to satisfy their curiosity.

The government has to ensure the use of Bitcoin before things get out of hand. Even though there is temporary ban, people are still going to look for other means to carry on there Bitcoin activities. It would be shocking to firms and big companies that are now again the continuous expansion of Bitcoin, later seeing the huge market cap and price significantly going high. The Bitcoin market is here to stay and nobody or country can withstand it

mbe48

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This is good news but it is difficult to say that crypto assets will become an inevitable part of the downstream development of the digital economy, making it possible in the future to facilitate transactions. If the transaction speed is not in doubt, but if the Bitcoin transaction at the Bank the transaction fee will be cheaper?

Xinarae*

sr. member

Activity: 1414

Merit: 326

If the bank of america approves bitcoin futures crypto will become more popular in the world. It is positive for crypto and other countries will support crypto by following america the US banking giant bank of america has approved bitcoin trading futures for some clients but it is not yet fully regulated the change for regulators to view the asset is that cryptocurrency has recently received. The use of crypto will bring many benefits to the american people.

Zilon

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Activity: 966

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Bitcoindata.science

It's still not opened to all citizens of America for now it's reserved for some clients and this is simply because of the large margin required to trade this features. Wouldn't we call this a selfish interest from Bank of America. If the margin should attract them then they should make it open for all American citizen to partake other than reserving it for some clients

clint25n

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Activity: 840

Merit: 250

what is done by the company in America is.very good and will have a very positive.impact on the value of bitcoin for now which will probably make the price of bitcoin relatively.high for the future, with someone.adopting bitcoin it is.very good if.this will also be done by several large companies.in the world to want to adopt.it and we will also feel optimistic about the current crypto world, we can.only hope that this will actually happen in the future

Btcvilla

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what the bank does is very useful and will have an impact on changes in the value of bitcoin which will provide a stable price for a value in the global stock market price, with the adoption it will also really help bitcoin develop widely and will be adopted by several other countries in the world to make bitcoin the legal currency in the world for legal buying and selling transactions in various countries

KaliLinux

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Quote from: fuguebtc on July 17, 2021, 09:52:40 AM

The second largest bank in the United States, has approved bitcoin futures trading for some clients, using CME contracts. Meanwhile, in 2018, Bank of America banned financial advisers from trading Bitcoin and related contracts.
In my opinion, I have the belief that in the future many banks will accept similar transactions of this valuable cryptocurrency.
https://www.nasdaq.com/articles/bank-of-america-approves-bitcoin-futures-trading-for-some-clients%3A-sources-2021-07-16

It was only a matter of time for all those that initially thought they do not need Bitcoin to realise that, involving in Bitcoin in one way or another is inevitable. Bitcoin has grown to that stage where it will be useless for those that claim they are big financial institutions/individuals not to get involved. Many more billionaires are coming out this days to announce their holdings of Bitcoin and more wants to be involved hence this Banks will have to provide this means for their high networth customers.
I believe we will continue to see other banks get into Bitcoin because they know it can no longer be ignored and because their customers wants to.

19Nov16

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Activity: 1722

Merit: 252

Quote from: fuguebtc on July 17, 2021, 09:52:40 AM

The second largest bank in the United States, has approved bitcoin futures trading for some clients, using CME contracts. Meanwhile, in 2018, Bank of America banned financial advisers from trading Bitcoin and related contracts.
In my opinion, I have the belief that in the future many banks will accept similar transactions of this valuable cryptocurrency.
https://www.nasdaq.com/articles/bank-of-america-approves-bitcoin-futures-trading-for-some-clients%3A-sources-2021-07-16

Happy to hear this news, more and more stock and futures exchanges accept bitcoin, with this fact it makes me sure to buy and hold more to change my life in the future to make parents and buy a house.

mckinleeanael07

copper member

Activity: 166

Merit: 3

TheStandard.io

This is great news for myself and also to the crypto community, why do we discuss and give thoughts, because we all want BTC to grow stronger. Moreover, not only we know about it but everyone in the world knows about BTC.

randegibran

sr. member

Activity: 882

Merit: 252

what the United States.is doing has.a very positive.value at this time, especially those who do this are a superpower that has.a large enough influence in.the world, with this, hopefully.other countries.or other.companies can.follow suit.in a world that will actually have a very positive.impact on the value of crypto currencies.which have recently.experienced a significant.price.decline penurunan

rmhuntley

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Activity: 980

Merit: 255

HALA MADRID

Quote from: Core.i7 on July 21, 2021, 10:15:58 AM

Quote from: Kong Hey Pakboy on July 18, 2021, 05:56:02 AM

This is a big news, a banking institution accepting bitcoin is one big move for the market and I am anticipating a really big influx to the market in the next few months because it's banks that are involved in this news and they can be pretty influential.

These days news do not have much positive impact on bitcoin as price of bitcoin keeps on supressing. However today we have seen some nice movement in the market because of the Elon Musk debate today.

Waiting will allow by other bank to accept bitcoin as legal digital currency and investment or not, we hope not happen like Elon Musk first time accept bitcoin as payment his company and later reject and banned using bitcoin. I think this phenomena right now where some bigger project try to accept bitcoin and price wake up drastically, few months later they try to banned bitcoin and give bad for bitcoin because price dump.

ropyu1978

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Activity: 1904

Merit: 510

Quote from: ARTURVH on July 18, 2021, 08:49:25 PM

It is difficult to say that this kind of news is positive. Especially now in a bear market. It should be noted that the banking system and the confidential money market system are two completely different models. Even the opposition between centralization and decentralization.

maybe this is a good sign for bitcoin, but this may be inaccurate news, because we know the US government strictly prohibits bitcoin mining, and still prohibits their people from adopting bitcoin, but if this news is true and can be trusted most likely, this will be good news for bitcoin..

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