Derivatives Exchange Nadex Seeks CFTC Approval for Bitcoin Binary Options

Derivatives exchange Nadex plans to offer bitcoin binary options to customers in the US next month, if its filing to register the options with the country's commodities regulator is accepted, reports "CoinDesk".

Nadex will offer daily and weekly bitcoin binary options contracts, taking prices from the bitcoin price index published by TeraExchange, a derivatives trading platform. Both Nadex and TeraExchange are regulated by the US Commodity Futures Trading Commission (CFTC).

The exchange is one of three 'designated contract markets' offering binary options in the US that are subject to CFTC oversight. It is owned by IG Group, a derivatives trading firm that is listed on the London Stock Exchange.

Nov 26, 2014, 1:24 PM
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