US Binary Options Exchange Resumes Bitcoin Trading

US Binary Options Exchange Resumes Bitcoin Trading


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The North American Derivatives Exchange (Nadex) on Monday resumed the listing of bitcoin contracts after suspending the contracts in February on account of technical difficulties, according to SMN Weekly, which covers forex, binary options, and regulation news.

Nadex image

Nadex, the largest U.S. binary options exchange, has resumed the listing now that it has the Tera Bitcoin Price Index available.

Nadex Held Binary Contracts

On Feb. 9, Nadex advised the U.S. Commodity Futures Trading Commission (CFTC) of its decision to hold its daily and weekly bitcoin binary contracts. The exchange did not have the underlying Tera Bitcoin Price Index market available at the time. The Nadex bitcoin contracts are based on the index.

The resumed listing allows American binary options traders seeking exposure to the volatility of cryptocurrencies to trade again with one of the two legal venues in the U.S

Read more ... source: TheBitcoinNews

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