The cryptocurrency futures exchange, BTSE, introduced Monero futures trading services on October 31. The service will support the traders to take long and short positions on the privacy coin, which is a rare instrument accessible only on a few exchanges.
BTSE declared the launch through its official account on Twitter, revealing that the exchange is the first and only platform to support XMR futures. The trading will require no KYC for crypto-to-crypto. Further, there are no limits of withdrawals, and the users can earn $100 on the first deposit.
We now offer @monero futures trading!
🔥no KYC for crypto-to-crypto
🔥no withdrawal limits
🔥$100 for FREE on top of your first deposit
Happy #Monero Trading 🥳
— BTSE (@BTSEcom) October 31, 2019
The chief executive, Jonathan Leong, stated, “We believe that privacy is one of the most important tenets of a strong digital currency. In listing Monero, we hope not only to provide our users with more choice when it comes to their trading needs but to spark a conversation on how to list privacy coins in a regulatorily-compliant fashion.”
Leong, supporting optimism, mentions that the platform’s efforts and role in the ecosystem will allow them to provide the authorities with a fair assessment of the best practices for listing such assets. Monero, at present, trades at a price of $59.28 and holds a market cap of over a billion.