Authored by Vittoria Onufrio

 

After a full day of trading, Bitcoin futures closed at $18,545 and gained almost 20%. The exchange was able to handle the trading activity since Sunday night with no unexpected interruptions. There were a couple of trading halt but this was expected as a part of the instruments necessary to curtail volatility already announced on the CBOE website. Ed Tilly, the CEO of CBOE, considers this first full day of trading a success even if the volume was roughly 3,000.00 contracts.

Why was the volume so low?

I would guess that since Bitcoin is reserved for larger investors, they are proceeding with great caution and some of them may want to wait and see before they enter the arena.

Additionally, not many brokers are offering Bitcoin Futures. Some of them are still undecided and others are approving accounts on a case by case basis. Eventually, the volume will build up and more brokers will be willing to give access to this market. This slow start will also give them time to familiarize themselves with this new product.

An important step in this direction is the launch of the CME Bitcoin futures next Sunday, not to mention that NASDAQ announced the launch of Bitcoin futures within the second quarter of 2018.

Bitcoin futures is becoming the legitimate and professional instrument for larger investors that allows trading with a certain degree of confidence in a regulated and surveilled exchange.

Please join us and take advantage of the bitcoin revolution.

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If you want to trade bitcoin futures please contact me at 818-452-4128 or via email at vonufrio@halifaxamerica.com

If you want to move forward and open an account please go to the following link https://ibportal.gainfutures.com/ApplyOnline?WLID=189&SCodeID=2020&BrokerId=1564

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These recommendations are a solicitation for entering into derivatives transactions. All known news and events have already been factored into the price of the underlying derivatives discussed. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No representation is being made that any account has in the past, or will in the future, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future.

Trading Futures, Options on Futures, and Forex involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.