Swiss companies to trade Bitcoin futures

Reports from the cryptocurrency media suggest that the SIX Exchange will see a new derivative quite soon, launched by Vontobel, a company in Switzerland that specializes in asset management and trades.

“We have seen big demand for our long tracker certificate from investors interested in playing the upside potential of Bitcoin and now they have also the possibility to hedge their position or go short”, said one of the public relations top managers at Vontobel.

But this is not the only firm that plans to introduce BTC futures soon: Leonteq Securities AG, another Swiss company, is reportedly developing an option to bet on Bitcoin’s positive future or against it, and there will be a choice between long and short-term investments, as the company representatives claim their client base would appreciate the choice between two opportunities.

All this will positively influence the price of Bitcoin once launched and once market players read the news about it. Previously, the CME Group announced it is going to launch Bitcoin futures at the second week of December.