The Argentine futures exchange Matba Rofex was authorized by the Argentine securities regulator CNV on Tuesday local time to launch regulated bitcoin futures.
“We are the first Latin American exchange to launch regulated bitcoin futures,” Matba Rofex president Andres Ponte said in a text message statement, which will begin trading in May These instruments may require investors to deposit about 40% of the value of the futures contract in margin.
It is reported that the underlying asset will be the Bitcoin Price Index, which is based on 12 different local crypto exchanges that publish asset prices in real-time in Argentine pesos.