Switzerland-based companies Vontobel and Leonteq Securities AG are launching separate futures products that will allow customers to bet against the price of the leading cryptocurrency Bitcoin.
The product launchings come amidst the growing interest in digital currency products among institutional investors.
Based on a report by Reuters, asset management company Vontobel will introduce two mini futures products, which are a type of derivative instrument that represents a fraction of the value of standard futures. The products will be launched on the SIX Exchange in mid-November 2017.
According to the company’s Head of Public Distribution of Financial Products, Eric Blattmann, the products aim to satisfy the demand for more options by traditional investors in the field of cryptocurrency trading…
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