You are here
As brokers line up to offer bitcoin futures, others are quiet
By Brian Louis
Bloomberg News
Monday, December 4, 2017
U.S. brokerages have a decision to make. Will they offer futures contracts tied to bitcoin -- the cryptocurrency viewed as a gold mine or bubble -- to clients?
TD Ameritrade Holding Corp. and Ally Financial Inc.'s Ally Invest said they will offer the instruments to customers once they become available. Fidelity said it currently has no plans to do so. Other major firms declined to comment.
Bloomberg began asking firms about their intentions in the weeks before CME Group Inc. and CBOE Global Markets Inc. announced Friday that they've cleared hurdles to offer bitcoin futures. CME will start trading them Dec. 18, while CBOE hasn't specified when it will begin. The Commodity Futures Trading Commission conferred with the exchanges as they set terms for the products, and the pair will work with the agency to keep tabs on the spot market for bitcoin. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2017-12-04/as-brokers-line-up-to...
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore
http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
