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Goldman Sachs Launching Bitcoin Futures Contracts Soon

Financial services company Goldman Sachs has announced its intent to launch Bitcoin futures contracts in the near future. Goldman Sachs launching Bitcoin futures contracts is a pretty big deal for the financial world. What made the investment firm take the plunge? New York Times reporter Nathaniel Popper wrote that Goldman Sachs plans to use its own money to trade Bitcoin futures contracts for its clients. The investment firm will also offer its clients its very own bitcoin futures products. “[Goldman Sachs] will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients,” continued Popper. An exact…

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United Kingdom Launches Bitcoin Futures via CoinfloorEX

Despite the cryptocurrency market taking a serious beating the past few months, the U.K has just announced some big news. Coinfloor, a London-based cryptocurrency exchange, announced that it would be starting its own bitcoin futures exchanged named CoinfloorEX. This new exchange will offer bitcoin futures “at scale” through their own specific contracts and operational controls. The futures contracts are available to traders, hedge funds, and miners. CoinfloorEX claims they will offer the first “physically delivered cryptocurrency futures contracts”, designed specifically to protect investors from price slippage on positions at the time of settlement. The settlements made by CoinfloorEX will be based on physical delivery rather than the index…

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