Rafael Zanatta, Crypto and Equity Index Sales, Europe at Eurex, spoke with JLN Correspondent Julie Ros at the FIA’s International Derivatives Week (IDX) in June about Eurex’s recently launched FTSE bitcoin index futures.
Zanatta said Eurex liked the robustness of the FTSE bitcoin index futures, which it created in partnership with Digital Assets, so Eurex selected the FTSE index to enter the digital asset market space.
He spoke about the risk traders face trading bitcoin and how Eurex’s bitcoin index futures can address them. Zanatta addressed the question of which currencies the bitcoin index futures were denominated in.
He also discussed the types of clients who are trading the bitcoin index futures and the profile of the liquidity providers.
He addressed the question of whether options would be introduced on the bitcoin futures index futures.
Lastly, he spoke about the regulatory environment for the product. Besides the contract being approved by BaFin in Germany, Zanatta said the bitcoin index futures have been approved by the U.S. Commodity Futures Trading Commission for U.S. citizens to trade.