30 May '16, 6am

Bitcoin Derivatives Exchange Expands, Skirting China’s Currency Curbs https://t.co/icx5e1pB8p

BitMEX lets traders go to sites like Kraken or Coinbase and exchange funds for bitcoin. They can then open a BitMEX account, deposit the bitcoin, and use it to trade. Investors do not buy stocks. They buy derivatives, which are contracts that simulate indexes or stocks. Profits and losses are calculated in a customer’s BitMEX account. Customers can withdraw the proceeds and convert it back to cash.

Full article: https://www.cryptocoinsnews.com/bitcoin-derivatives-excha...

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