First Bitcoin futures contract debuts in Argentina

Argentina welcomed its first futures contract on July 13, simply three months after the nation’s securities watchdog permitted the underlying index as a part of a strategic innovation agenda.

In accordance to Matba Rofex, the buying and selling platform behind the funding automobile, it’s the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, patrons guess on the long run value of a commodity or different asset, resembling Bitcoin. Below the contract, patrons and sellers are obligated to buy and promote the asset at a predetermined future date.

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