Canadian Exchange TMX Soon to Start Bitcoin Futures Trading

[Joshua Farrell]

The futures contracts will trade on the Montreal Exchange and will be cash-settled and denominated in U.S. dollars, the exchange said.

TMX Group, the largest Canadian exchange, said Tuesday its derivatives trading platform will soon introduce bitcoin (BTC) futures contracts.

"Montréal Exchange (MX) is launching the Bitcoin Price Index Futures to meet rising market demand for digital cryptocurrency asset classes," an announcement on the firm's website said. "Despite growing interest, investors face limitations when evaluating vehicles to manage their exposure to bitcoin price movements."

Read the rest of the article: https://www.coindesk.com/business/2...ge-tmx-soon-to-start-bitcoin-futures-trading/

Sounds like a good opportunity for investors who want to earn off of the potential future of Bitcoin, by allowing them to directly get cash with price changes above a certain price in bitcoin.