Category: Investing & Trading
Earlier this month, Chinese cryptocurrency exchange OKCoin announced it was launching Bitcoin Futures trading. It is one of many financial derivatives making its way to cryptocurrency markets.
With the derivatives market making its way to Bitcoin, investors should be aware of the workings of new financial products that will start appearing on the Bitcoin market.
Update August 30, 2015: After one year Bitfinex might not have defaulted, but the platform is struggling in some areas. The site’s continuous poor performance has caused numerous losses, while the exchange also got hacked in May 2015 losing 1,400 BTC. These events largely confirm the risk of …
The world’s first regulated Bitcoin fund, Global Advisors Bitcoin Investment Fund (GABI), is commencing operations today.
Two years ago the price of a single Bitcoin was at $7, today it is at about $625. A two year investment in Bitcoin would therefore have yielded a staggering compound return of 20.5 percent per month.
