Two new entrants to the scene are about to boost the liquidity and retail participation in bitcoin futures
The trading of bitcoin futures, off to a slow but respectable start this week at the Cboe, is about to be given a boost by two additional players: TD Ameritrade and the CME.
The TD Ameritrade story is important because it operates the largest futures operation of any online brokerage firm. The firm just announced it will begin allowing trading of bitcoin futures on its futures platform on Monday. That means more retail participation and more liquidity.
Second, the entrance of the CME is significant because it operates a far larger futures business than Cboe. CME is preparing to launch its own bitcoin futures on Sunday. Expect higher volumes and a higher dollar value of trading.
The start of futures trading this week on the Cboe has been widely hailed as a turning point for bitcoin, giving it slightly more respectability but,more importantly, creating some regulation over a part of the market (futures) and improving transparency.
Source/More: Bitcoin futures are about to get another big boost
