How can I trade Bitcoin futures legally?

10 000 question challengeCategory: Profits (trading, ICO, mining)How can I trade Bitcoin futures legally?
HowToToken Team Staff asked 8 months ago
1 Answers
HowToToken Team Staff answered 8 months ago

Firstly, you need to choose whether you want to trade futures on CBOE or CME (there are only two exchanges that allow legal futures trading now).

Even though both futures have a lot in common, there are several important differences: the underlying spot price, contract units (5 BTC on CME, 1 on CBOE), price limits and margin rates (35% on CME and 40% on CBOE), minimum price movements (5$ on CME, 10$ on CBOE). It is necessary to choose an exchange that has conditions relevant for you.

After you have made a choice of the exchange, you should set up an account on either CME or CBOE and you can start trading!

Source: https://tickertape.tdameritrade.com/trading/2017/12/what-are-how-to-trade-bitcoin-futures-40751