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Back at $16k. Big banks are pulling support for a futures market for bitcoin due to volatility.
by adrr 9y ago
Back at $16k. Big banks are pulling support for a futures market for bitcoin due to volatility.
- chatmasta 9y agoShouldn’t a futures market ultimately reduce volatility by enabling (synthetic) short selling?
- placeybordeaux 9y agoLast time I checked they would only pull the price once a day. Not sure how much that would actually help
- dx034 9y agoThe futures market will do the rest. Only settlement is once a day. But as the bitcoin price moves (which indicates that the settlement price that evening will be different), actors will buy and sell which should bring the futures market in line with the bitcoin price. So in the end you'll end up with a pretty close mirror. You only need 1-2 algo traders for that.
- sidcool 9y agoQuite dramatic. It's changing faster than we can react.
- Cthulhu_ 9y agoThis is why the soft/hardware for real exchanges (not-btc) are some of the most hardcore pieces of kit out there.
- deleted 9y ago[deleted]
- TDL 9y agoCurious if you have any source links for banks pulling out. It seems like smart risk management to back off supporting a BTC futures contract right now.