Bitcoin futures go live on Ukrainian Exchange

Kiev-based Ukrainian Exchange, one of the largest stock exchanges in Ukraine today launched a new futures contract on bitcoin. Specifications of the contract were recently approved and registered by the National Securities and Stock Market Commission of Ukraine.

Alexey Sukhorukov, Managing Partner of the UNIVER Investment Group stated:

“The uniqueness of the situation is that the Ukrainian Exchange is the first regulated market in the world ever to offer futures contracts on bitcoin. Given the fact that interest to this cryptocurrency in Ukraine is quite high, and, on the other hand, the local legislation restricts the ability of Ukrainians to access financial instruments available on developed markets, we can get pretty high liquidity. I am sure that the new contracts will also help UX to attract the attention of international players.”

The new instrument provides market participants with a new opportunity for bitcoin exposure and may be used in different investment strategies.