Ukrainian Exchange launches new futures contract on index of Bitcoin

On December 19, 2016 Ukrainian Exchange launches two new futures contracts - on index of Bitcoin and on price of Brent crude oil. Specifications of the contracts were recently approved and registered by the National Securities and Stock Market Commission of Ukraine.



"The uniqueness of the situation is that the Ukrainian Exchange is the first regulated market in the world ever to offer futures contracts on Bitcoin. Given the fact that interest to this cryptocurrency in Ukraine is quite high, and, on the other hand, the local legislation restricts the ability of Ukrainians to access financial instruments available on the developed markets, we can get pretty high liquidity. I am sure that the new contracts will also help UX to attract attention of international players."- commented Alexey Sukhorukov, Managing Partner of the UNIVER investment Group.



The new instruments provide the market participants with new opportunities and may be used in different investment strategies. They will also attract new entities such as oil and gas companies and companies from IT sector to the futures market.