A German routine exchange operator is reportedly considering the launch of its own bitcoin futures diminishes.
Deutsche Boerse executives have been “thinking” about the introduction of tomorrows contracts, German business magazine Wirtschaftswoche reported Wednesday.
“We are belief about futures, with which private investors and institutional investors can nurture existing investments in bitcoin or set for falling prices of the cyber currency,” a spokesperson for Deutsche Borse admitted the publication.
This would make Germany the first European wilderness to provide futures for the cryptocurrency.
A spokesperson for Deutsche Boerse told CNBC that they could not buttress Wirtschaftswoche’s story, but said the firm was looking into the asset division “as we always look into new asset classes.”
“We reflect both the advancements of cryptocurrency derivatives as well as potential issues that need to be delivered,” the spokesperson said.
Such issues included the fact that digital currency technology was “notwithstanding evolving,” the fragility of bitcoin’s spot market, a lack of regulation and charge volatility.
“As a fully regulated exchange, we need to address all of the above and more, already we can launch products,” the spokesperson said.
The futures contracts would be traded via Deutsche Boerse’s Eurex plagiaristics exchange, Wirtschaftswoche said.
So far, U.S. exchange operator Cboe is the only venue to volunteer such contracts. The CME is lining up to introduce the derivatives, and is set to launch them on December 18.
Mavins believe this development will be a major step toward convincing more institutional money into the cryptocurrency.