BTSE Introduces Monero Futures Contracts

BTSE, a crypto spot and futures exchange, on Thursday launched futures trading services for Monero, a privacy-focused digital currency.

This new instrument will allow traders to take long and short positions on the privacy coin, a service that is available on a handful of digital asset exchanges.

?Launch Time??

We now offer @monero futures trading! This makes https://t.co/i2dlCKKZHj one of the FIRST and ONLY exchanges to support $XMR futures. ?no KYC for crypto-to-crypto ?no withdrawal limits ?$100 for FREE on top of your first deposit Happy #Monero Trading ? — BTSE (@BTSEcom) October 31, 2019

Monero vs. exchanges

Launched in 2014, Monero was introduced to overcome the privacy hurdles with Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term by completely hiding the transaction details. However, this prime feature of this cryptocurrency has made is popular among cybercriminals, and it became the top choice for extortion.

In addition, the privacy feature of Monero also alarmed the mainstream financial regulators for its use in money laundering and terror financing.

“We believe that privacy is one of the most important tenets of a strong digital currency,” Jonathan Leong, chief executive of BTSE, said. “In listing Monero, we hope not only to provide our users with more choice when it comes to their trading needs, but to spark a conversation on how to list privacy coins in a regulatorily-compliant fashion.”

With a market cap of over a billion, Monero is trading at a price of $59.28 apiece on the spot market, according to Coinmarket.com. The coin rallied over 10 percent in the last seven days under the shadow of Bitcoin’s price surge.

Meanwhile, due to its design protocol, Monero remains the favorite among crypto jackers. Tons of malware is being used to compromise victims’ computing devices to illegally mine the digital currency.

“Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term such as Monero present a tremendous opportunity for financial liberation and inclusion. We feel that our role in the ecosystem will allow us to provide governmental bodies with a fair assessment of the best practices for listing such assets,” Leong added.