[2017-11-16] Swiss bank to launch bitcoin futures to allow betting against crypt

[musicdj1]

 Swiss bank Vontobel said it will start trading Switzerland’s first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions

http://www.reuters.com/article/us-vontobel-bitcoin/swiss-bank-to-launch-bitcoin-futures-to-allow-betting-against-cryptocurrency-idUSKBN1DG2CX?utm_campaign=trueAnthem:+Trending+Content&utm_content=5a0de03804d30177d9bb3a1b&utm_medium=trueAnthem&utm_source=twitter

[richardsNY]

Quite interesting, but it's a product coming with far too much risk. If people are so interested in Bitcoin's volatility, let them trade against the volatility, which is a far better alternative. Even if you happen to experience a few bad trades, the negative consequences are far less severe compared to when you lose out with futures. I am more interested in banks actually allowing people to directly buy Bitcoin from within their online banking portal. No more waiting for a few working days to pass, no annoying verification situations, etc.