8th January, 2018 – RenvaleCapital, one of the most promising cryptocurrency investment firms in the world, has announced plans to launch bitcoin futures in 2018.
The futures contract will be cash settled and acts as a once-a-day reference rate of the U.S. dollar price of bitcoin. According to the firm, increasing investor interest in cryptocurrency trading is the reason behind the decision.
Renvale Capital CEO, Will Collins states, “Bitcoin market capitalization has swelledto over 90 billion, representing 54% of the cryptocurrency market. This new vehicle will serve as a superior trading tool and provide investors with transparency, arbitrage capabilities and price discoveries.”
The new derivatives market is estimated to draw in thousands of professional traders and investors as they access Bitcoin’s volatile market on a more familiar platform like the futures market that has been around since 1800s.
It will grant traders an avenue to hedge their digital currencies while eliminating risks associated with anti-money laundering, resolving the growing concerns of having to deal with Bitcoin itself.
The integration of Bitcoin futures into he derivatives market is a historical milestone for Bitcoin as it further strengthens the cryptocurrency’s advantage of becoming an unparalleled currency for the masses.
Renvale Capital is part of a small consortium that endeavours to capture the Bitcoin derivatives market. The firm leverages on their experience and expertise as the industry’s early mover.
Renvale Capital has been a pioneer in Bitcoin trading since 2012 and manages over 5.2 billion in assets under management. Since the introduction of bitcoin trading to their product offerings, year on year growth has been exponential, making it a new and exciting strategy to grow capital.
Renvale Capital has an investment portfolio of various services and products, and has finally managed to allow bitcoin as payment for all of its subsidiaries during the start of November 2017.
Renvale Capital’s focus has always been to dominate the cryptocurrency markets, and they continue to establish a global presence as Bitcoin gainsincreasing acceptance.
Company Name: Renvale Capital
Contact Person: Media Relations
State: New York
Country: United States