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Argentina’s largest futures exchange will add bitcoin derivatives

November 8, 2017 By Crypto Reporter

Mercado de Termino de Rosario, the biggest derivatives exchange in Argentina (aka Rofex), considers adding cryptocurrency services to investors.

Diego Fernandez, Rofex’s CEO, said the idea is still in a “laboratory stage”, but exchange representatives want to make an official announcement before the end of year. The process could take some time due to essential regulatory approvals that must be issued by the country’s National Securities Commission, Argentina’s regulatory agency.

Rofex has followed the cryptocurrency futures trend, recently initiated by the world’s largest derivatives exchange, CME, based in Chicago. Also, it is a significant step forward for bitcoin adoption in Argentina, a country that has suffered from tremendeous currency depreciation and rampant inflation for a number of years.

Filed Under: General News, News Tagged With: Argentina, bitcoin, cryptocurrency, derivatives, exchange, exchanges, futures, news, Rofex

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