Inside Banks, Bitcoin Futures Are Riling Trading Executives
- Some say their desks are eager to wade into the new market
- But many confidentially list concerns and unresolved questions
Coinbase CEO on Crypto Surge, Bitcoin Futures, IRS
This article is for subscribers only.
Bitcoin is coming to Wall Street on Sunday, and some executives at the world’s biggest banks aren’t sleeping well.
With just a few days left until Cboe Global Markets Inc. debuts futures contracts on the cryptocurrency, many banks are still weighing whether to offer them to clients -- and if so, how to handle the mechanics. Several of the largest firms, including JPMorgan Chase & Co. and Citigroup Inc., aren’t immediately offering clearing of the futures as they wait to see how it will work, according to people briefed on the plans.