Matba Rofex, Argentina’s largest futures market, is awaiting regulatory approval to launch Bitcoin (BTC) futures.
According to Bloomberg’s report, the National Securities Commission will review the proposal. However, it is not a priority.
Argentines can trade such a product on unregulated exchanges. The country currently does not have a regulated Bitcoin futures.
Matba Rofex plans to reveal similar products in cryptos other than Bitcoin.
CBOE Global Markets and CME Group launched Bitcoin futures in the US at the end of December 2017, leading the bull market.
Crypto Explosion in Argentina
Argentine President Alberto Fernandez said in August that the possibilities of legally accepting Bitcoin are clear:
While the inflation rate has continued to increase in Argentina for many years, such a trend is not seen as a surprise.