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First Bitcoin futures contract debuts in Argentina

Published 07/13/2023, 01:50 PM
Updated 07/13/2023, 03:40 PM
© Reuters.

Argentina welcomed its first Bitcoin futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda.

According to Matba Rofex, the trading platform behind the investment vehicle, it is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are obligated to purchase and sell the asset at a predetermined future date.

Argentina annual inflation rate. Source: Trading Economics

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