The OKEx debacle shows us that exchanges are dropping the ball when it comes to preventative risk management, helping the case for regulated Bitcoin futures and exchange-traded funds (ETF).
BRIGHT FUTURE FOR FUTURES
THE SEC IS WARMING
By [looking at the underlying asset Bitcoin], they went beyond what the statute allows us to do. We should have focused on the market where the exchange-traded product would trade as opposed to focusing on the underlying Bitcoin markets.
OPPORTUNITY FOR U.S. FUTURES
I am sure that regulators will be questioning them on the back of the OKEX, as they should, and I am also quite positive the exchanges here will pass with flying colors.
If anything, this should drive business to the best regulated and largest exchanges.
Do CME and CBOE stand to gain from increased regulatory scrutiny?
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