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Futures exchanges will have to buy large sums of underlying assets (one reason for the recent spike.) So, in the end a lot of exchanges will be some of the larg
by partiallypro 9y ago
Futures exchanges will have to buy large sums of underlying assets (one reason for the recent spike.) So, in the end a lot of exchanges will be some of the largest crypto holders.
- bjl 9y agoThe futures are cash settled, none of the futures exchanges need to own any bitcoin at all.
- rmah 9y agoThe currently proposed CME and CBOE futures are cash settled. No actual bitcoin is involved. Neither the buyers or sellers of the futures, nor any other entities involved, will need to buy/sell/hold any bitcoin.