The Bitcoin futures market has become a big deal in cryptocurrency trading.
Now, the company is telling its customers to move on.
On Monday, Bitcoin futures, which allow users to trade the digital currency for futures contracts, was officially launched on the CBOE Volatility Index (VIX).
The company says it is “currently accepting trades in the BTC/USD and BTC/ETH markets” on the NYSE, the NASDAQ, and the CBOR.CBOE Volatile Index, or VIX, is an index that tracks a basket of commodities, based on prices from the last day of trading.
The CBOE says its VIX index is the most liquid in the world.
It currently sits at 0.34% on Monday.
The company is also adding new futures contracts to its platform, which will give its customers the ability to trade with BTC/BTC.
The move comes as investors are starting to look beyond the futures market to the cryptocurrency market, according to an analyst who tracks bitcoin futures at Bank of America Merrill Lynch.
“We are seeing a lot more attention on cryptocurrencies as the primary trading asset, and as a result, it’s becoming increasingly difficult for bitcoin to get out of its current position in the futures markets,” he said.
“But it’s also becoming increasingly important for bitcoin traders to know that they can get bitcoin futures contracts if they want to.”
Banks, banks, banks and more banksThe CBOT was founded by two techies and bitcoin trader Michael Rieger and his co-founder Nick Van Eeghen.
They’ve been trading in bitcoin futures for more than a year, but have since been expanding their operations.
They now have a total of six contracts that trade on CBOE, including bitcoin futures on the New York Stock Exchange, the CBOEx, and their own futures contract on the Nasdaq.
It’s not clear when these futures will be available to consumers, but there are plenty of people who are ready to take advantage.
“I’m not going to lie: I am a bit nervous about this,” Van Eewen said.
“There are so many banks that are looking at bitcoin.
I am just as nervous about it.”
Van Eewhen said he’s seen a huge spike in the price of bitcoin since its inception, which is why he and Riegers decided to start a cryptocurrency futures business.
He said the cryptocurrency industry is in a bubble right now, with a lot of speculative activity, and he wants to help drive it down.
“What we’re doing is a hedge against that, so if bitcoin goes through a bubble, we’re going to be able to capitalize on it,” he explained.
“People are so desperate for this thing to be successful, and I think the reason why bitcoin is so popular is because there are so few other things people are doing.”
For Van Eefhen, who was also on the Verge team, this is a very exciting time to be a bitcoin trader.
“It’s really easy to get caught up in this bubble, but this is just a really smart thing to do,” he added.