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KarmaCoverage

Bakket is cleared to launch bitcoin futures next month

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39 minutes ago, KarmaCoverage said:

Surely XRP futures will follow

That would be great progress in gaining institutional investment. And it's not a stretch to imagine the market overall getting a lift from just BTC futures interest.

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3 minutes ago, Roaring_Twenties said:

That would be great progress in gaining institutional investment. And it's not a stretch to imagine the market overall getting a lift from just BTC futures interest.

It’s a natural progression and not only limited to BTC. 👍

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Posted (edited)
2 hours ago, K41105 said:

Surely...? :sorry2:

Agreed. If anything, this is good for Bitcoin, first and foremost. Ripple must hope that they will be able free-ride as the price of BTC continues to surge, and that some money may find its way into XRP and that the amount will hopefully exceed the outflows. However, XRP holders and proespective buyers should not automatically assume that Bitcoin futures on Bakkt are good for XRP, this is dangerous thinking IMHO.

(1. Sorry for any typos 2. English is not my mother tongue.)

Edited by Bystander

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1 hour ago, Bystander said:

automatically assume that Bitcoin futures on Bakkt are good for XRP, this is dangerous thinking IMHO.

It is an indication of the broader crypto markets maturation. So what¿ if it's bitcoin first, something has to be the crash test dummy.

The key point is that a large credible exchange is offering futures on a digital asset. I know there are others that offer SWAPs, but they are smaller than Bakket.

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16 hours ago, KarmaCoverage said:

https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month

Surely XRP futures will follow, but IMHO this represents a significant advancement in the maturation of the crypto markets. The markets need futures for risk management practices to be accomplished. 

Cred already uses futures to hedge the risk exposures when they faculty a loan of XRP.

Surely xrp will follow? You mean you hope xrp will follow?

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