news

bitcoin

1 X bitcoin bitcoin =

Monday

26 October 2020

UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market - CoinDesk

UK Crypto Derivatives Ban Seen Having Limited Effect on Small Market - CoinDesk


smart summary beta

Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the trading business.

Some U.K.-based brokerages that had offered the crypto derivative products to retail traders could see a drop-off in revenue, though big cryptocurrency exchanges including Kraken say the impact is likely to be minimal.

Professional investors weren’t barred from trading cryptocurrency derivatives partly because they “have greater understanding of the risks and greater capacity to absorb potential investment losses,” according to an FCA report this month.

“Consumers seem to treat cryptocurrencies as a form of speculation akin to gambling, rather than as a payment or investment,” according to the report

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

coindesk.com
Market data feeds provided by cryptocompare.com
bitsmart 2018