As recently covered by the Ken, the CM Group, the $ 51 billion financial institution in the United States and the largest exchange of options in the world, will open Petrochemical Futures for Dec. 18 on its platform. Recently, the Chicago Board of Options (CPU) has also received approval from the US Commodity Futures Trading Commission (CFTEC) to include Futurian Futures contracts on its platform, and NASDAQ also plans to add Petrochemical contracts next year.
According to Bloomberg, billionaire venture capitalist Mark Copan says that the trading of futures contracts in these large exchanges will have a positive impact on the main cryptocurrencies. And he said:
It will be interesting. I think it is generally positive. What charge is critical. Transaction costs are relatively high for PCC. If this reduces the transaction costs, the benefit will be to the market.
Transaction costs, including cryptocurrencies exchange fees and custody fees, could be reduced if the demand for Petrochemicals increased as a result of futures trading on these platforms, said Neem Aslam, chief market analyst at Tv Global Markets in London.
For Cubans, how these exchanges “will buy, sell, maintain and manage BTC is essential,” as well as what charge. The CM group, in the first weeks of operations, will be limited to initial operations with a 35 percent initial margin in the Futures exchange. The daily price will be used for the Cape Town Pete Refinery Reference Price, which will use the prices of many cryptocernes exchanges, namely, Craxin, Craken, Etbit and Pitstamp.
Kobe, the majority owner of the Dallas Mavericks basketball team and a star in the investment program “Shark Tank”, in the past revealed that despite being a Pitswaner, he believes the market in a bubble. Later, he apparently changed his mind about PeteCuin, as advised “real adventurers” invest 10% of their share in criptomonedas: Cuba itself invested in hedge funds criptomonedas 1Confirmation in Betcown and criptomonedas some.
Tim Draper, another billionaire who has earned more investments than $ 110 million in bitcoins and has supported Hotmail, Skype and Tesla Partners Draper, was keen to see the futures bitcoins in these exchanges as well. In an e-mail to Bloomberg, he wrote:
“Petcavin is a currency and must be treated as such, it makes perfect sense that the currency can be covered.”
Draper, who in the past has been representing Petkwin with enthusiasm, finished his e-mail applauding exchanges, writing: “Cabo de Bravo! Bravo Cem!”