Canadian Exchange TMX to Launch Bitcoin Futures Trading

In a landmark development for the Canadian digital assets market, TMX Group, the largest exchange in the country, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform. As per reports, Montréal Exchange’s (MX) move to launch a Bitcoin Price Index Futures is in response to the growing market demand for this new class of assets. The report indicates that many investors are often limited as they look to join the crypto space, especially when managing their exposure to Bitcoin price fluctuations. Moreover, MX noted that this product will provide investors with a gateway for portfolio diversification, real-time prices, liquidity, and active trading.

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