Bitcoin is Coming to Argentina’s Largest Futures Market.

Hi to all this is my first post in steemit and as the current senario of the currency it is shifting towards cryptoworld i would like to share a current market strategy of bitcoin.

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Argentina’s largest futures market is getting ready to touch its hand to the bitcoin ecosystem.Rofex is preparing to formally announce the addition of digital currency services to its platform.

Rofex is the second American futures market to reveal this week that it intends to begin engaging with the burgeoning crypto economy. U.S. exchange operator CME Group announced this week that it would become the first regulated U.S. exchange to offer bitcoin futures, but the Rofex proposal stops short of short of adding bitcoin futures contracts.

CME had laid that groundwork last year through the creation of its proprietary bitcoin price index, so executives believe they will receive prompt regulatory approval. For Rofex, the process will begin with the launch of its digital currency custodial and collateral services, potentially as soon as next year.

This phenomenon is not localized to Argentina. Bitcoin has become a lifeline for many people in unstable financial markets across the world. In Zimbabwe, for example, demand for bitcoin so far exceeds supply that it is trading at nearly double the global average price. The bitcoin price reached a new all-time high of $13,900 in Zimbabwe on Friday, according to data from Harare-based exchange Golix.