‎Russian Broker Finam Forex Allows Customers to Trade in CME Bitcoin Futures

Moscow-based online brokerage firm Finam Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term will allow customers ‎to trade 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 futures from CME Group, the company said on its website ‎Monday, joining its rivals in seeking to capitalize on the mania for the booming ‎digital currency.‎

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Finam Forex was the first ever company to win the Russian central bank's approval to operate as a regulated brokerage ‎firm in the country. It is also a founding member of the ‎AFD.‎

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CME’s bitcoin futures allow traders to bet on whether the price of the leading ‎digital coin will rise or fall, and now they offer clients of Finam a way to ‎access this in a well-known and regulated marketplace.‎

Compared with rival Cboe’s futures, CME’s derivatives appeal more to ‎institutional traders and less to retail investors, due to its larger size. Each CME ‎contract represents five bitcoins, whereas Cboe’s represents just one. That ‎means it will require a bigger margin deposit to trade the CME contract.‎

In a regular disclosure notice, Finam Forex warns customers that trading bitcoin ‎futures is “especially risky” and “their prices may move randomly.”‎

Major brokerages in the US, including E-Trade, TD Ameritrade and ‎Interactive Brokers, have already enabled trading of CME and Cboe bitcoin ‎futures following its launch last month.‎

Finam is part of a major privately owned financial ‎group, Finam Holdings. The firm was founded over 22 ‎years ago and is one of the first financial intermediaries in ‎modern Russia, founded by board member of the Russian ‎MICEX-RTS, Victor Remsha.‎