CBOE and Chicago Mercantile Exchange Group, the world's largest futures exchanges, have approved bitcoin futures trading, but South Korea is unwilling to do so. The Korean government seems to be trying to understand these currencies that are different from anything else in the financial sector. Recently, South Korea announced plans to start managing digital currency's exchange and collect cryptocurrency profits. The country also banned the first love C.
Citizens of Asian countries have always been active buyers of Bitcoin and other digital currency, and the premium they pay is often higher than that of western exchanges. Tony Lyu, CEO of Korea Exchange Korbit, explained:
"In South Korea, words spread quickly. Once someone invests, I hope others will join the trend. This large-scale transaction is almost a community movement. "
Is the futures market mature?
If the Chicago Board Options Exchange and the Chicago Mercantile Exchange Group don't sound familiar, then your ordinary public must know this: Nasdaq. Well-known technology exchanges are preparing to launch bitcoin futures next summer. In Japan, the world's largest bitcoin market, the Tokyo Financial Exchange has also laid the foundation for providing futures.
The Korean exchange is also prepared to do so until the Korean regulator denies it. On February 5, 65438, the Korea Financial Services Commission ordered the members of the Korea Financial Investment Association to abandon their plans to provide bitcoin futures. Two Korean securities companies plan to hold a seminar for bitcoin futures investors.