FxWirePro: Little bit of this and little bit of that - It seems double treat for crypto traders on eve of X’mas amid topsy-turvy developments

All around the world of FinTech arena, the much heated talks on soaring prices of Bitcoin on the back of the launch of cryptocurrency futures trading by the largest derivatives exchange in the world, as well as one of the oldest, on Dec. 18th, while CBOE Global Markets, which owns the Chicago Board Options Exchange (the largest U.S. options exchange) and BATS Global Markets, plans to beat CME to the punch by opening its own trading on Dec 10th.

As a result, BTCUSD surged to almost a mammoth 1000% in this month.

Subsequently, this has been a silver lining for speculative traders and likely to access the doors to institutional and retail investors as well who wish for exposure to bitcoin but for some reason (internal rules, or an aversion to risky and complex exchanges and wallets) can’t trade actual bitcoin. Well, is that all important?

The answer is yes because institutional investors smell this lucrative as the size and liquidity make fund managers feel less anxious than usual.

While BitMEX has been in the news for the launching the world’s first 100 times leveraged Bitcoin/USD swap contract, XBTUSD. This product aims to replicate a margin-based spot market that tracks the underlying reference index price. With no expiry, this product is perfectly suited for traders who either want to take short-term scalps, or long-term positions without having to re-enter positions due to expiry. Each contract is worth $1 and can be traded individually; get started with as little as 0.0004 BTC!

Trade Popular Altcoin contracts with Up to 50 times Leverage: BitMEX is at the forefront of innovation when it comes to launching the next hot Altcoin product. We launched the world's first Ether futures contracts and also were the first exchange to launch a tradeable market on Zcash. In addition, we often launch ICO futures contracts right after the ICO such as Qtum futures and Status token futures.

Leverage differs from product to product, so please visit each individual contract's series guide for contract specifications. The best part about all the Altcoin products is that you need not have the Altcoin to trade, you can trade them all just using Bitcoin!