First Bitcoin futures contract debuts in Argentina

In a futures agreement, buyers wager on the future rate of a commodity or other asset, such as Bitcoin. Under the contract, sellers and buyers are bound to purchase and offer the property at a fixed future date.Argentinas securities regulator, the Comisión Nacional de Valores, approved the Bitcoin futures index in April as part of an ingenious program to motivate public-private partnership for brand-new monetary products. The Bitcoin futures contract will be based on the cost of BTC estimated by several market participants providing BTC/ARS trading sets.