Argentina welcomed its first futures contract on July 13, simply three months after the nation’s securities watchdog permitted the underlying index as a part of a strategic innovation program.
In accordance to Matba Rofex, the buying and selling platform behind the funding automobile, it’s the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, patrons wager on the longer term worth of a commodity or different asset, corresponding to Bitcoin. Underneath the contract, patrons and sellers are required to purchase and promote the asset at a predetermined future date.
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