Nadex Halts Trading in Bitcoin Binary Options Contracts
Posted: Tue Feb 09, 2016 1:28 pm
The North American Derivatives Exchange (Nadex) has revealed that it submitted an emergency notice to the CFTC on Tuesday that it halted trading in its Weekly and Daily Bitcoin Binary contracts. Nadex explains that this was done due to the unavailability of the underlying Tera Bitcoin Price Index market upon which its bitcoin contracts are based.
The notice specifies that no additional Daily Bitcoin contracts will be listed on the exchange until further notice. However, Nadex says that it plans to resume trading in the Weekly Bitcoin contracts when the Tera Bitcoin Price Index becomes available. Unfortunately, no indication was given from ... (read more)