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This Bold Crypto Exchange Plans On Offering Tron (TRX) Futures Contracts

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Tron
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Many crypto-traders and enthusiasts are only aware of the existence of futures contracts for the prominent coins of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). BTC futures contracts are offered by firms high up in Wallstreet through the CME Group and CBOE (The Chicago Board Options Exchange). ETH futures contracts are also being considered by the CME and CBOE as well. However, one online trading firm currently offers all 4 futures contracts of BTC, ETH, LTC, and XRP.

It is with this background that the possibility of having Tron (TRX) futures contracts on the Bitmex exchange is a bit exciting for any TRX HODLer or trader.

BitMex (Bitcoin Mercantile Exchange) is a trading platform that offers investors access to the global financial markets using only Bitcoin as its ‘base currency’. Therefore, the TRON futures contracts will be paired against BTC. The exchange made the announcement on the 25th of June via its official blog.

In the announcement, the exchange stated that:

“Due to popular demand, we will be listing the BitMEX TRON / Bitcoin 28 September 2018 futures contract, TRXU18, on or before 26 June 2018 08:30 UTC.”

However, due to the extended systems upgrade by Binance today, 26th June, Bitmex decided to postpone the launch of the new product by adding the following to the first announcement:

“Update: due to the current Binance system downtime, the BitMEX TRXU18 listing will be postponed.  We will post another update before listing.”

Futures contracts are sometimes frowned upon for traders are basically betting in an unknown future. It is therefore viewed as a sort of gambling that could be very profitable as well as a good way of losing a lot of investment capital. Take for example the recent hacks on Coinrail and Bithumb plus the flash crash of Friday, 22nd of June. No one knew that all these events would happen. Anyone who decided to short BTC was a happy trader. Anyone who had bet long on BTC going up was not.

In a nutshell, the planned addition of TRX futures contracts by BitMex means that traders love the digital asset enough to request the exchange to offer the new TRX product. TRX currently has over 1.2 Million HODLers according to the project’s website. The fact that the TRX futures contracts are being offered by a cryptocurrency exchange and not Wallstreet, means that the digital asset might not be subject to major manipulation as was the suspected case with BTC when its futures were offered by Wallstreet back in December.

Anyone willing to trade in the new product by the exchange needs only create an account with Bitmex.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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