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Use Bitcoin to Purchase S&P 500 – BitMex CEO Hints to Launch ‘Crypto Options Platform’

What else to excite you than CEO of largest cryptocurrency exchange is planning to launch crypto options platform.? Arthur Hayes, CEO of BitMEX crypto exchange hints that users could also invest in the S&P 500 and Nasdaq by using Bitcoin (BTC).

Bitcoin to Invest in S&P 500 and Nasdaq

In a podcast interview with Luke Martin, Arthur Hayes speaks about Bitcoin, future of BitMex and the possible price of Bitcoin in the near future. Speaking to Luke Martin, Hayes reveals that he is planning to go beyond Peer-to-peer crypto trading platform. He says that BitMEX is looking forward to launching the cryptocurrency option platform, adding a period of 12 to 18 months as a possible time to hit the market. In Hayes words;

“We hope to possibly have our own options platform in maybe 12 to 18 months”

For those who don’t know ‘cryptocurrency option platform’, it is quite similar to futures which lets you hedge on the future prices of an asset. Reportedly, CME (Chicago Mercantile Exchange) seems the…

Read Full Story : Coingape

2019-04-15 13:52:14

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