THELOGICALINDIAN - Cryptocurrency barter BitMEX afresh added EOS futures affairs to its belvedere Futures traders are now assertive to either banknote out big or go home bankrupt in this aboriginal annular of abstract EOS trading
BitMEX CEO Arthur Hayes appear that his belvedere would clearly activate alms EOS/XBT futures contracts, starting this month. (Note: Bitcoin, commonly accepted as ‘BTC,’ is denoted by the attribute ‘XBT’ on the BitMEX platform.)
Hayes took to Twitter bygone to tout:
With EOS actuality one of the best airy bill on the market, those allotment to brainstorm on its achievement will acquisition themselves either raking in huge profits or breaking the bank.
For those aloof attractive to get their anxiety wet with futures trading, BitMEX additionally offers a ‘sandbox’ mode, area traders can try their easily at apperception after risking absolute capital.
Futures affairs are annihilation new to those who accept traded in acceptable stocks and bill markets. However, cryptocurrency markets were hit with the aboriginal beachcomber of futures trading in December 2017 back the Chicago Board Of Exchange (CBOE) alien the aboriginal annular of Bitcoin futures contracts — affording investors who were aloof in absolutely captivation any Bitcoin the adeptness to participate in the market.
Futures affairs assignment as an acceding to buy or advertise an asset at a approaching date on an agreed-upon price. Simply put, those who brainstorm that the amount of a assertive asset will acceleration will buy futures affairs in hopes to accomplish profits from their antecedent investment. Inversely, those who anticipate the amount will abatement will advertise futures affairs to accomplish money on the ‘short.’
EOS is aiming to actualize basement for the decentralized appliance (dApp) economy. Those who accept followed and invested in EOS accept apparent amazing highs and arresting lows during its ICO appearance this accomplished year.
EOS saw it’s aboriginal big countdown in aboriginal January during the all-embracing Bitcoin and altcoin bull-run. During that time, EOS went from $4 USD to $18 USD in the amount of one month, afore affairs aback about 100 percent of its rally.
EOS went on addition massive run in mid-April back it attempt from $6 USD to highs of $23 USD in the amount of 2 weeks, which best accustomed to the abreast achievement of the ICO crowdsale.
The EOS crowdsale ICO has aloof accomplished as of June 2 and the mainnet will anon be launched — awaiting a testing appearance conducted by its block producers.
If the EOS mainnet barrage goes calmly and pushes able out of the gate, futures affairs could potentially become acutely valuable. The after-effects of a contempo survey accept predicted the anniversary amount of EOS to ability $38.25 USD — a abreast 300 percent access from today’s price.
Will you be attractive to barter on BitMEX’s EOS/XBT futures? What is your assessment of futures affairs in the cryptocurrency market? Let us apperceive in the comments below!
Image address of Shutterstock, Twitter/@CryptoHayes, CoinMarketCap.com.
