2018-6-13 23:07 |
The bitcoin futures forerunner, Cboe, had over 8700 contracts for June 11, which indicates the bloodier the markets are, the more futures are being sold.
The Three Major Credit Agencies Contemplate Downgrading Businesses Who Clear Bitcoin Futures
Unfortunately, because these contract volumes are gradually increasing clearing houses and financial institutions that handle bitcoin futures may see a credit downgrade.
According to a recent report, the three large rating agencies, Fitch, S&P, and Moody’s, are contemplating downgrading banks that clear bitcoin futures.
Then the credit agencies began discussing downgrading financial institutions this past February, if the volatile contract sales started to increase.
What do you think about the Bitcoin futures markets increasing and the credit agencies contemplating downgrading clearinghouses that deal with these products?