JayJuanGee
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How much alt coin diversification is needed? 0%?


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November 21, 2017, 01:58:47 AM

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.
They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.
It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.


CME would not not have any BTC reserve requirements at all?  They can facilitate the complete trading of BTC-related contracts without any kinds of BTC reserves, at all?