Bitcoin Risk Management via Futures: Available but Very Expensive

[kreslik.news]

Yesterday’s launch of the first Bitcoin futures contracts was not as exciting to price action as many had hoped, but it certainly is changing the game for brokers looking to offset their Bitcoin risk. The CBOE product, that tracks the price of the world’s biggest cryptocurrency, suffered from poor liquidity and provided some arbitrage opportunities, but overall trading went smoothly.


According to public data, a total of 4,127 contracts changed hands on the first day of trading. At the first daily settlement price of $18545, this totals to about $76.5 million of trading volumes. The figure ... (read more)