OKCoin Set to Offer Bitcoin Futures Contracts
Coindesk reports that leading Chinese exchange, OKCoin will be launching Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures contracts trading on its platform.
Having an option to trade futures contracts based on the digital currency is an important step in the road to acceptance by institutional investors for Bitcoin. Futures contracts enable traders to hedge the risks of holding an asset, something very useful to Bitcoin investors considering the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the currency, and at the same time create greater trading volumes that can reduce the inherent volatility for the entire market.
Speculators might also use the new futures contracts trading, but considering the options for leveraged margin trading and the great volatility Bitcoin already offers compared with other assets such as stocks, or gold that does not seem necessary.
Star Xu, the founder and CEO of OKCoin reportedly said: “Today’s launch of bitcoin futures trading capabilities builds on the algorithmic trading tools we pioneered and launched on our platform last month. We have already seen a favorable response from institutional and individual investors. We are helping to make participation in bitcoin a more safe and stable process. The ability to trade futures will further cement our position as one of the world’s leading bitcoin exchanges.”
OKCoin’s futures contracts trading will be offered in beta mode for the next two weeks and will be officially available afterwards. The exchange's chief technology officer Changpeng Zhao said that OKCoin would ascertain it was gathering accurate pricing data with a US dollar index based upon prices from 10 different bitcoin exchanges.
Coindesk reports that leading Chinese exchange, OKCoin will be launching Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term futures contracts trading on its platform.
Having an option to trade futures contracts based on the digital currency is an important step in the road to acceptance by institutional investors for Bitcoin. Futures contracts enable traders to hedge the risks of holding an asset, something very useful to Bitcoin investors considering the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term of the currency, and at the same time create greater trading volumes that can reduce the inherent volatility for the entire market.
Speculators might also use the new futures contracts trading, but considering the options for leveraged margin trading and the great volatility Bitcoin already offers compared with other assets such as stocks, or gold that does not seem necessary.
Star Xu, the founder and CEO of OKCoin reportedly said: “Today’s launch of bitcoin futures trading capabilities builds on the algorithmic trading tools we pioneered and launched on our platform last month. We have already seen a favorable response from institutional and individual investors. We are helping to make participation in bitcoin a more safe and stable process. The ability to trade futures will further cement our position as one of the world’s leading bitcoin exchanges.”
OKCoin’s futures contracts trading will be offered in beta mode for the next two weeks and will be officially available afterwards. The exchange's chief technology officer Changpeng Zhao said that OKCoin would ascertain it was gathering accurate pricing data with a US dollar index based upon prices from 10 different bitcoin exchanges.