Author

Topic: Trading Bitcoin Futures & Options...in the US (Read 777 times)

newbie
Activity: 3
Merit: 0
OKCoin and BitMEX doesn't offer trading to US traders which is what I was looking for.
I feel like these are the best exchanges to trade futures and options so it's probably
best to create a subsidiary in a foreign country in order to take advantage of the
opportunity.

The other exchanges mentioned don't allow automated trading, which is what I
concentrate on. 
sr. member
Activity: 364
Merit: 250
Are there any reliable(keyword) exchanges that allow you to trade futures and
options if you're in the US? OKCoin and BitMex have the liquidity, but they've banned
the US. I might just buy a forwarding address in the UK to get around this if I can't
find a US alternative. Any suggestions?
A lot of advises might have come your way but if you are to think of the long term perhaps in the nearest future you will go ahead to buy the UK forwarding address because USA policies can change and time and hack down the company with your funds e.g e-gold.com, cryptsy etc
full member
Activity: 126
Merit: 100
Are there any reliable(keyword) exchanges that allow you to trade futures and
options if you're in the US? OKCoin and BitMex have the liquidity, but they've banned
the US. I might just buy a forwarding address in the UK to get around this if I can't
find a US alternative. Any suggestions?

if you want trading bitcoin option platform same binary dot com
you can try secondtrade dot com but several same or equal with trading future with okcoin or bitmex
but iam not yet try trading future in okcoin and bitmex
newbie
Activity: 20
Merit: 0
I'll definitely bookmark it, but I'm looking for an exchange with more liquidity. I hope your
website grows, and it should because it's virtually impossible to find an exchange to trade
options or futures in the US. I'm sure the government will come after you as well when you
get big enough lol

as for liquidity, if you want to do a big trade in options, you can also publish it here. the current market is liquid for relatively small quantities, as only we ourselves are now functioning as market makers, with very very tight small spreads, just to get the trading in options going hoping other traders and market makers will join. its compareble to spreads in stock options on big stock exchanges. So for the normal user depositing a couple of BTC and doing small trades, the market is liquid. For a whale wanting to buy/sell hundreds options..well...price discussions can be done also outside the platform in a thread/trollbox, but indeed should not be executed at market.

As for futures...currently we just connect various exchanges via a tradebot on the exchange giving you similar liquidity as other exchanges, though currently the best liquidity for futures trading is without a doubt okcoin (though their index is less reliable for dollar trading, as its mixed dollar/yuan index). We will be trying to add other exchanges, to make the market as tight as possible also in futures. (maybe even just 0.01 spread, as arbitrage between exchanges is virtually always possible...so then instead of arbitrage....we just offer a market with a 0.01 spread...)
newbie
Activity: 20
Merit: 0

Please please please take a look at linking into Moneypot (MP). I would love to be able to seamlessly transfer my MP funds onto your platform in order to trade opportunistically. Right now I hold a stack of coins on Moneypot, but find myself transferring them out to an exchange (1broker, Bitfinex, etc ...) when I need to put on a trade. Previously I traded on Bitmex, until they stopped servicing US-based customers. :-(  I haven't been able to find a comparable derivatives service since.
*A link/connection to MP will give you immediate access to thousands (?) of potential traders ... perhaps not a bad move once you launch.

I think at the very least it would mean we would need some additional functionality to our API. Currently we dont support withdrawals/deposits(getdepositaddress) via API, but surely can be done quite easy. Its quite common for an account owner to hand api keys to a programmer/tradebot/trader, and not always should be possible to allow for withdrawal with API keys...so a apart from adding it to the API, also the system should allow for creation of API keys with and without possiblity to withdraw. Moneypot also seems also just a service for casinos, so I dont know if we will go that direction...(in some sense... options exchange is a casino, and actually more way exciting than a casino...)

newbie
Activity: 3
Merit: 0
I'll definitely bookmark it, but I'm looking for an exchange with more liquidity. I hope your
website grows, and it should because it's virtually impossible to find an exchange to trade
options or futures in the US. I'm sure the government will come after you as well when you
get big enough lol
full member
Activity: 227
Merit: 100
https://www.deribit.com for trading plain vanilla options and futures. Our exchange is live only since last friday.

Please please please take a look at linking into Moneypot (MP). I would love to be able to seamlessly transfer my MP funds onto your platform in order to trade opportunistically. Right now I hold a stack of coins on Moneypot, but find myself transferring them out to an exchange (1broker, Bitfinex, etc ...) when I need to put on a trade. Previously I traded on Bitmex, until they stopped servicing US-based customers. :-(  I haven't been able to find a comparable derivatives service since.

*A link/connection to MP will give you immediate access to thousands (?) of potential traders ... perhaps not a bad move once you launch.
newbie
Activity: 20
Merit: 0
https://docs.deribit.com/ (link will be changed in near future to www.deribit.com/docs )

read 1.4 and 1.5.
we calculate ourselves, there are various "indexes" online, some are not transparent, and with some we simply disagree, we decided to go with our own, though maybe not perfect, we do our best. We take 5 exchanges, take the average of bid-ask from each, dump the highest and the lowest (flash crashes etc, mtgox stories), and take the remaining 3 values (or less if a signal is broken) and take the average of that...thats our index. Further the last half hour before expiration, every 6 seconds we take the index value...for half an hour...and the average of that will be settlement price. (Expiration price.) At the moment we dont even have "in between" settlements, all intermediate gains/losses count to your available balance, either for withdrawal or trading.

We choose for only half hour settlement period...its easier for trading...once we enter this timeframe, pretty soon it becomes clear where we are gonna end up. During this half hour an estimated settlement price is shown in the trading table, which is calculated with all past values, and all future values being assumed being same as last value. (this is the best estimate one can give during this last half before expiration).

Further we have a page dedicated to the index,https://www.deribit.com/main#/prinx_chart, where you can see a graph of the index, as well as a table with the 5 exchanges, colored either red (not part of index at the moment) and colored green. (part of index at that moment.)

mkc
hero member
Activity: 517
Merit: 501
https://www.deribit.com for trading plain vanilla options and futures. Our exchange is live only since last friday.

your site looks professional done, how you calculate settlement price each week, need to be very transparent on this.
newbie
Activity: 20
Merit: 0
https://www.deribit.com for trading plain vanilla options and futures. Our exchange is live only since last friday.
newbie
Activity: 3
Merit: 0
Are there any reliable(keyword) exchanges that allow you to trade futures and
options if you're in the US? OKCoin and BitMex have the liquidity, but they've banned
the US. I might just buy a forwarding address in the UK to get around this if I can't
find a US alternative. Any suggestions?
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