Broker futures Bitcoin has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity misused by miners, price excitableness, and thefts from exchanges. roughly economists, including several Nobel laureates, have characterized it as a speculative bubble. Dec 07, · Some of the world’s biggest derivatives brokerages criticized plans by U.S. exchanges to offer bitcoin futures and options, saying the contracts have been rushed to market without proper Author: Sam Mamudi. Read Bitcoin Futures Plan Criticized by Brokers for Overlooking Risks By Bloomberg. Read Bitcoin Futures Plan Criticized by Brokers for Overlooking Risks By Bloomberg. Download the App. More markets insights, more alerts, more ways to customise assets watchlists only on the App.
Bitcoin futures criticized by brokers for overlooking risksBloomberg - Are you a robot?
A snowballing sell move could crash the entire market. Bitcoin exchanges, which provide a reference price for the asset, mostly work in unregulated markets. Without the overseeing hand of a regulator, they are subject to manipulation. Such outages could prolong trader losses and cut into their profits. Typically, futures markets are precursors to price stability for a commodity because they draw in speculators and traders.
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