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Published on Gold Anti-Trust Action Committee (http://gata.org)

As brokers line up to offer bitcoin futures, others are quiet

By cpowell
Created 2017-12-04 12:18

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... [1]



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