LSE announced its decision last week to offer future contracts and options for bitcoin, indicating that cryptocurrency is moving towards universal recognition and adoption by major institutions.
Bitcoin’s future contracts are expected to begin trading in the fourth quarter of this year, and these options will allow investors to determine and trade bitcoin’s future prices safely and effectively.
Once with limited interest from traditional financial institutions, bitcoin appears to be an indication that cryptocurrencies are beginning to form an important part of the global financial system, and may be seen as the beginning of further adoption and recognition by other major financial institutions.
Although bitcoin remains a highly volatile currency, the move boosts investors’ confidence in cryptocurrency and makes it more attractive as an investment option for individuals and institutions alike.
Thus, it can be argued that this move represents an exciting opportunity for investors and financial companies alike to benefit from and invest in the growth of the cryptocurrency market.
