Small Exchange Says it Plans to List Crypto Stock Index Futures Contract, Reports John Lothian News
John Lothian News
"The Small Exchange said Thursday it plans to notice file with the Commodity Futures Trading Commission to list a stock index futures contract based on an index of 17 cryptocurrency-related publicly traded companies. The index, which comprises companies behind various cryptocurrencies, not the cryptocurrencies themselves, includes Advanced Micro Devices (AMD), PayPal (PYPL) and Taiwan Semiconductor Manufacturing Company (TSM), as well as Coinbase Global Inc. (COIN), Riot Blockchain Inc. (RIOT) and Grayscale Bitcoin Trust (GBTC). " reports John Lothian News.
In response to questions from JLN, Roberts said in an email that the product will be "cheaper and more capital efficient than any ETF that will come out, smaller margin requirement than any micro bitcoin future, and not as cumbersome as trading the actual digital asset on any non-registered crypto exchange."
The Small Exchange is making futures markets more accessible to more people with small, standard, and simple products that combine the best of futures and stocks.
Read the full article: Small Exchange Says It Plans to List Crypto Stock Index Futures Contract.
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