Interactive Brokers Allows Bitcoin Bears to Short CFE Futures
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Interactive Brokers Allows Bitcoin Bears to Short CFE Futures
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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