According to the head of the Chicago Board options exchange (CBOE), Edward Tilly, the growth of bitcoin will facilitate the exchange notes (ETN) on the basis of cryptocurrency. It is reported BitcoinExchangeGuide.
Tilly is confident that bitcoin will be higher degree of confidence on the part of retail investors, if in addition to the ETF on the basis of high-risk futures market will be presented and ETN. He also noted that the trading volume of bitcoin futures on the CBOE insignificant.
According to him, the ETN on the basis of bitcoin could become very popular in North America, as barriers to entry for trading them is much lower than, for example, a bitcoin ETF. The latter, however, is still not approved by the Commission on securities and exchange Commission (SEC).
In addition, the head of CBOE believes that kriptonyte needs to be regulated, which in particular could reduce the scale of the problem of market manipulation.
ForkLog previously reported intentions CBOE to launch futures on Ethereum.
Source
