Nadex Resumes Trading in Bitcoin Binary Options Contracts
- Nadex brings back Bitcoin binary options after TeraExchange was granted full registered status by the CFTC last month.
American binary options traders looking for exposure to the great 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 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term can again trade with one of the only two legal venues in the U.S for binary options. The North American Derivatives Exchange (Nadex) has announced that it made the decision to resume the listing of its Bitcoin contracts starting today.
Back in February Nadex halted the listing of its Bitcoin contracts because of technical issues with the market price feed upon which the binary options are based. It explained that this was done due to the unavailability of the underlying Tera Bitcoin Price Index. And now Nadex says it is satisfied that the issue has been resolved.
Indeed, late last month the U.S. Commodity Futures Trading Commission (CFTC) revealed that TeraExchange LLC had received a full registration status. This came after TeraExchange had an issue with the CFTC as in September 2015 the regulator charged it for failing to enforce prohibitions against circular trading schemes. The charges by the CFTC against Tera were simultaneously settled, with the regulator requiring that the platform cease and desist from any future violations.
As a CFTC-regulated exchange Nadex was the first to announce that it will offer Americans binary options contracts on bitcoin prices back in November 2014. Nadex thus pioneered legal bitcoin investments as a product for U.S. retail binary options investors, while it was previously only available to institutional players. At the time, the company said the launch was in response to rising demand from customers.
American binary options traders looking for exposure to the great 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 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term can again trade with one of the only two legal venues in the U.S for binary options. The North American Derivatives Exchange (Nadex) has announced that it made the decision to resume the listing of its Bitcoin contracts starting today.
Back in February Nadex halted the listing of its Bitcoin contracts because of technical issues with the market price feed upon which the binary options are based. It explained that this was done due to the unavailability of the underlying Tera Bitcoin Price Index. And now Nadex says it is satisfied that the issue has been resolved.
Indeed, late last month the U.S. Commodity Futures Trading Commission (CFTC) revealed that TeraExchange LLC had received a full registration status. This came after TeraExchange had an issue with the CFTC as in September 2015 the regulator charged it for failing to enforce prohibitions against circular trading schemes. The charges by the CFTC against Tera were simultaneously settled, with the regulator requiring that the platform cease and desist from any future violations.
As a CFTC-regulated exchange Nadex was the first to announce that it will offer Americans binary options contracts on bitcoin prices back in November 2014. Nadex thus pioneered legal bitcoin investments as a product for U.S. retail binary options investors, while it was previously only available to institutional players. At the time, the company said the launch was in response to rising demand from customers.