New Money

Want to Short Bitcoin? Derivatives Trading ‘Coming Soon,’ Say Exchanges

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It seems like more and more investors are jumping in on the sport of Bitcoin speculation; with so much potential volatility, there’s plenty of money to be made buying and selling BTC. Even professional foreign currency traders think so! We’ve been impressed by the sophistication of the Bitcoin economy so far, but at the same time there’s a clear contingent of Bitcoin-naysayers who think the idea that a chunk of code goes for $13 or so means we’re looking at a big fat Bitcoin bubble and would love to short the market. So it seems like only a matter of time before the 8-bit traders start innovating more complex digital financial instruments.

Ruxum, a Bitcoin exchange launched last week by a former Citigroup vice president, is considering brokering short sales and other derivative transactions. But not just yet, founder Chad Pankewitz told Betabeat in an email.  Read More