Interactive Brokers Allows Bitcoin Bears to‎ Short CFE Futures

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Interactive Brokers Allows Bitcoin Bears to‎ Short CFE Futures

Postby kreslik.news » Tue Dec 12, 2017 10:25 pm


US-listed brokerage Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) today ‎enhanced its cryptocurrency offering by enabling the short trading of Cboe Futures Exchange (CFE) Bitcoin ‎futures‎‏.‏ Potential Bitcoin bears, however, need to be aware of the dangers ‎involved with the extremely risky financial product‏.‏

In addition, the cost to short Bitcoin is not cheap. In order to protect the company, ‎IB will accept Bitcoin’s short positions with a margin requirement of $40,000 ‎per contract, five times the value required for long positions of CFE Bitcoin ‎futures. ‎Since the contracts debuted on Sunday at Cboe Global Markets, Interactive ‎Brokers has required Bitcoin ... (read more)

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