CHICAGO, Dec. 20, 2017 /PRNewswire/ -- Daniels Trading, a leading independent futures brokerage firm, announces that it has begun offering Bitcoin futures contracts to clients. Cboe launched XBT Bitcoin futures on Dec. 10 and CME Group opened BTC Bitcoin futures on Dec. 18. Daniels Trading currently has XBT futures live on its trading platforms and is expected to have BTC futures available soon. More information and updates about Daniels Trading's expansion into Bitcoin futures trading can be found at www.danielstrading.com/bitcoin-futures.
In recent weeks, Bitcoin has seized the attention of the financial community and transformed many skeptics into enthusiastic participants. The surrounding buzz has given rise to deep cash markets and exceptional volatility—two characteristics that are especially attractive to traders and investors. Subsequently, CME Group and Cboe announced plans to launch public Bitcoin derivatives.
To help traders engage in the new Bitcoin markets, Daniels Trading is offering Bitcoin futures to its clients. Bitcoin futures trading offers two distinct benefits:
- Exposure to Bitcoin price moves without holding Bitcoins: Traders can leverage opportunities to buy, sell, or trade Bitcoin futures without needing to pay for the actual currency.
- Trades based on outlook, or hedging on Bitcoin risk: Traders can buy and sell Bitcoin futures—24 hours a day, five days a week—in a highly regulated market. This offers flexibility to invest and divest during an optimal time for a specific trading strategy.
Cboe Futures Exchange, LLC (CFE) launched Bitcoin futures trading Dec. 10 at 5 p.m. CST under the ticker symbol XBT. The CME Group made its Bitcoin trading available Dec. 18 under the ticker symbol BTC. More specifications about each contract, compiled in a convenient chart form, can be found at www.danielstrading.com/bitcoin-futures.
"Bitcoin's rise has captured the attention and enthusiasm of many traders, but many don't know the best way to participate," says Ken Packard, Chief Sales & Marketing Officer for Daniels Trading. "The decisions by CME and Cboe open up new possibilities to work with this derivative into 2018 and beyond. But new markets pose a myriad of unexpected challenges and pitfalls. With more than 20 years in the futures industry, Daniels Trading has the experience and competency to successfully navigate the fledgling Bitcoin market. We're excited to be part of helping our clients with this new opportunity."
For additional information about Daniels Trading and the futures trading services it offers, visit www.danielstrading.com.
About Daniels Trading
Daniels Trading is an independent futures brokerage firm located in the heart of Chicago's financial district. Established by renowned commodity trader Andy Daniels in 1995, Daniels Trading is built on a culture of trust committed to the firm's mission of independence, objectivity, and reliability. For more information, visit www.danielstrading.com.
STANDARD RISK DISCLOSURE
THIS MATERIAL IS CONVEYED AS A SOLICITATION FOR ENTERING INTO A DERIVATIVES TRANSACTION.
THIS MATERIAL HAS BEEN PREPARED BY A DANIELS TRADING BROKER WHO PROVIDES RESEARCH MARKET COMMENTARY AND TRADE RECOMMENDATIONS AS PART OF HIS OR HER SOLICITATION FOR ACCOUNTS AND SOLICITATION FOR TRADES; HOWEVER, DANIELS TRADING DOES NOT MAINTAIN A RESEARCH DEPARTMENT AS DEFINED IN CFTC RULE 1.71. DANIELS TRADING, ITS PRINCIPALS, BROKERS AND EMPLOYEES MAY TRADE IN DERIVATIVES FOR THEIR OWN ACCOUNTS OR FOR THE ACCOUNTS OF OTHERS. DUE TO VARIOUS FACTORS (SUCH AS RISK TOLERANCE, MARGIN REQUIREMENTS, TRADING OBJECTIVES, SHORT TERM VS. LONG TERM STRATEGIES, TECHNICAL VS. FUNDAMENTAL MARKET ANALYSIS, AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE INITIATION OR LIQUIDATION OF POSITIONS THAT ARE DIFFERENT FROM OR CONTRARY TO THE OPINIONS AND RECOMMENDATIONS CONTAINED THEREIN.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE INVESTORS SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED POSITIONS AND MUST ASSUME RESPONSIBILITY FOR THE RISKS ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS.
YOU SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES. YOU SHOULD READ THE "RISK DISCLOSURE" WEBPAGE ACCESSED AT WWW.DANIELSTRADING.COM AT THE BOTTOM OF THE HOMEPAGE. DANIELS TRADING IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEM, NEWSLETTER OR OTHER SIMILAR SERVICE. DANIELS TRADING DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE CLAIMS MADE BY SUCH SYSTEMS OR SERVICE.
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SOURCE Daniels Trading