Ukrainian Exchange announced today the launch of new futures contracts on an index price of Bitcoin . Requiring an initial margin of 30%, it says that the specifications of the contracts were recently approved and registered by the National Securities and Stock Market Commission of Ukraine.
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"The uniqueness of the situation is that the Ukrainian Exchange is the first regulated market in the world ever to offer futures contracts on Bitcoin. Given the fact that interest to this cryptocurrency in Ukraine is quite high, and, on the other hand, the local legislation restricts the ability of Ukrainians to access financial instruments available on the developed markets, we can get pretty high Liquidity . I am sure that the new contracts will also help UX to attract attention of international players," explained Alexey Sukhorukov, Managing Partner of the UNIVER investment Group.
Established in October 2008, Ukrainian Exchange offers trading in a wide array of financial instruments ranging from cash equities to stocks, futures and options. It is currently the leading market operator in the country for both equities and derivatives.
By offering its clients this tool, Ukrainian Exchange opens a window to cryptocurrency investing for firms and people that might otherwise not be able to buy bitcoin directly. The Ukrainian national economy and its currency has suffered greatly from the armed conflict with ethnic Russian separatists, which could explain the high interest in alternative ways to protect wealth.
