Once more of a niche experiment, cryptocurrencies have recently been thrust into the spotlight as the demand is driving up prices and many of them are growing at an astonishing pace. The next chapter in this story appears to be the recent launch of bitcoin, which provides new ways for individuals and financial institutions to get involved by speculating the future direction of bitcoin prices. We offer contracts on an hourly or daily basis to our investors.
So what are these Bitcoin Futures?
Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specific price. Futures are commonly used to speculate on the direction of prices. Speculators can either take a long position, where they agree to buy the underlying asset at a specific price when the contract expires, or a short position, where they agree to sell the underlying asset at a specific price.
With Bitcoin now having been in existence since 2009 and become a sizeable instrument by market cap comparable to some of the largest listed companies on the U.S equity markets, it comes as a little surprise that we have moved ahead on offering investors with the option of Bitcoin futures contracts.
The gains have come off the back of Bitcoin futures seeing an uptick in value above Bitcoin’s actual value. With the general theory being that the smarter institutional money is going into the Bitcoin futures market, investors in Bitcoin will be looking towards the futures market as a guide to the future direction of Bitcoin, based on information available in the marketplace.
DeepTrade’s secure, scalable platform is designed to enable merchants and consumers to harness the potential of digital assets for transformative payments applications. DeepTrade converges the connectivity, infrastructure and efficiency that merchants expect with the trust and utility necessary for consumer adoption of digital asset payments.
May 7, 2021
We accept digital assets outside of traditional payment rails, reducing transaction costs and offering consumer choice while employing a good funds model.