Nadex halts bitcoin binary contracts

Investing | February 12, 2016 By:

The North American Derivatives Exchange (Nadex) announced that it halted trading in its daily and weekly bitcoin binary contracts.

Nadex explains that this was done due to the unavailability of the underlying Tera Bitcoin Price Index market upon which its bitcoin contracts are based.

Nadex would not be issuing any new daily bitcoin contracts until further notice (no specifics given), but that it would resume trading in the weekly contracts as soon as the Tera price feed was back up and running.

The North American Derivatives Exchange, formerly known as HedgeStreet, is a CFTC-regulated, retail-focused online binary options exchange.