Canada-based Crypto Derivatives Exchange to Launch Bitcoin Futures Trading
TMX Group, the largest derivatives exchange in Canada, has announced its intention to introduce trading in Bitcoin futures.
This move reflects the growing interest from institutional investors in digital currency, as the market for BTC has experienced significant growth in recent years.
The Montreal Exchange, which is owned by TMX Group, is planning to offer futures contracts that track the performance of Bitcoin, the world’s largest digital currency.
This new tool will provide a way for institutions to mitigate risks in case the price of Bitcoin decreases in the spot market.
In addition, in 2021, TMX introduced a Bitcoin exchange-traded fund (ETF). And looking ahead to 2024, the company also plans to launch its own platform for spot trading of cryptocurrencies.
