Physically Settled Bitcoin (BTC) Futures Approved for TD Ameritrade's ErisX

Physically Settled Bitcoin (BTC) Futures Approved for TD Ameritrade’s “ErisX”

CFTC granted TD Ameritrade-backed ErisX a derivatives clearing organization (DCO) license, under the Commodity Exchange Act (CEA). This approval allows the Eris Exchange to offer physically settled digital asset futures contracts. What exactly is so special about physically settling Bitcoin? They require the actual/physical use of Bitcoin, thus increasing its usage, and theoretically its price and scarcity.

Next PagePrevious Page

error

Enjoy this blog? Please spread the word :)