CBOE Puts 44% Margin on Bitcoin Futures

[kreslik.news]

CBOE is releasing its new Bitcoin futures contracts today, a week before rival CME Group does the same. The release of Bitcoin contracts on two major American exchanges is a major sign of mainstream acceptance that has been at least partly responsible for the rapidly rising value of the coin this year.

However the same instability of price that makes the asset so attractive has also led to anxiety in the market. For this reason, CBOE is raising margin requirements from 33% to 44%, according to Bitcoinist.

The safeguards include demanding at least 33% cash up front for each bet, ... (read more)