Wednesday, December 13, 2017

Want To Short Bitcoin?

Want to short bitcoin?

Interactive Brokers is now allowing it.

A major online broker, Interactive Brokers Group Inc., says it will allow investors to bet against, or short, bitcoin, on its trading platform, shifting an earlier stance to only provide trading access to customers to bitcoin futures making outright long investments in the bubblicious cryptocurrency.

“The introduction of short sales was necessitated by the large premium of the January futures contract over the price at which Bitcoin trades on the physical venues,” said Chairman of Interactive Brokers LLC Thomas Peterffy. (source)

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