Guest post by Adam Todd from Digitex Futures
Adam is the CEO of Digitex Futures.
The latest results released by the Futures Industry Association (FIA) show some extremely encouraging signs. Not only is the traditional futures industry growing exponentially, but 2018 saw a record number of contracts changing hands globally. Futures and options climbed by 20.2 percent from the previous year to 30.28 billion contracts, an all-time record.
The global futures industry is a multi-trillion-dollar one and demand keeps on rising. But it’s also an industry that’s rife with inefficiencies, middlemen, hefty commissions, and decidedly favorable conditions for institutions and the ultra-wealthy.
Everyday retail traders get an extremely raw deal they want to try their hand trading these markets. If ever there were a space primed for disruption, it’s futures.
Thanks to the power of blockchain technology, traders have been buying and selling cryptocurrency futures contracts without the need to be an accredited investor or use an expensive broker. But we’re still testing the waters as far as futures trading and the blockchain go.
Taking Futures Trading to the Next Level
Traders can currently trade cryptocurrency futures on many different pairs, from BTC against the USD to ETH against the GBP. But, there still are no exchanges that allow cryptocurrency futures traders to trade traditional futures markets as well. So, why not–and what if there were?
By adding traditional futures markets like gold, bonds, stocks, and indices, to cryptocurrency trading, exchanges would be effectively taking the cryptocurrency game to traditional retail traders. We’re talking abou the self-directed trader who currently trades his or her favorite markets without a financial advisor while paying high brokerage fees.
Out of all millennial retail traders worldwide (cryptocurrency’s largest target),