BTSE, a digital asset exchange, has announced the launch of new bitcoin (BTC) futures. The feature is already available for testing but will go online in June.
This platform will allow the use of both fiat (USD, EUR, JPY, GBP) and crypto, including bitcoin (BTC), ethereum (ETH), litecoin (LTC) and tether (USDT).
The platform aims to become a reference point for future traders in terms of both fiat and crypto, as stated by BTSE CEO Jonathan Leong:
“BTSE Exchange aims to become a leader in providing a suite of liquidity products to cryptocurrency traders and investors. Our multi-collateral futures platform bridges a gap between traditional fiat-based traders and coin holders. Additionally, our multi-currency order book enables global users to trade in an aggregated order book with thick liquidity”.
What are bitcoin futures?
Futures are derivative contracts traded on relatively regulated markets. By buying this product, the buyer and seller commit themselves to exchange a certain amount of bitcoins (also called underlying assets) at a fixed price and with a settlement that will take place on a future fixed date.
In general, futures – not just those based on bitcoin – are also used for speculation, as they allow trading with leverage in a highly liquid market.