Re:Bitcoin Futures Start with a Bang as Rally Trips Circuit ...
by gibybo on Monday December 11, 2017 @03:47AM
(#15895870)
Interactive Brokers is providing access to the CBOE futures to retail investors. Appears to be long positions only at the moment with high margin requirements, but it's something.
Many of the other large retail brokerages said they would offer them pending liquidity/volume thresholds.
Re:Bitcoin Futures Start with a Bang as Rally Trips Circuit ...
by Cthulhu_ on Monday December 11, 2017 @03:34AM
(#15895835)
I can imagine bitcoin will one day become tightly regulated and only available to sophisticated traders; the network only supports 15 transactions per second, limiting who can do trades is one way to deal with it. NYSE can do about 11K a second (based on https://www.quora.com/What-is-the-average-total-number-of-tr...)
The idea is that there are two kinds of investors: Sophisticated ones who can look out for themselves, and regular joes, who are protected against being ripped off by extra regulations and extra paperwork. Bitcoin futures aren't the kind of product for which anyone will go though those regulations and do that paperwork.
Now, how do you become a sophisticated investor? First of all, have a spare million or tow. Next, fill out a quite simple form.