The Ukrainian Exchange has announced the launch of a new futures contract on the index of bitcoin.
Along with the bitcoin futures trading, it also announced contract on the price of Brent crude oil. The specifications of these contracts were recently approved and registered by the National Securities and Stock Market Commission of Ukraine.
"The uniqueness of the situation is that the Ukrainian Exchange is the first regulated market in the world ever to offer futures contracts on Bitcoin. Given the fact that interest to this cryptocurrency in Ukraine is quite high, and, on the other hand, the local legislation restricts the ability of Ukrainians to access financial instruments available to the developed markets, we can get pretty high liquidity. I am sure that the new contracts will also help UX to attract the attention of international players,” Alexey Sukhorukov, Managing Partner of the UNIVER investment Group stated.
The launch of the new instruments provides the market participants with new opportunities and may be used in different investment strategies. The launch of these new futures contracts will also attract new entities such as oil and gas companies and companies from IT sector to the futures market.
