Nadex resumes listing of bitcoin binary options contracts

Investing | June 17, 2016 By:

The North American Derivatives Exchange (Nadex) has announced that it made the decision to resume the listing of its Bitcoin contracts after suspending the contracts in February on account of technical difficulties.

Back in February Nadex halted the listing of its Bitcoin contracts because of technical issues with the market price feed upon which the binary options are based. It explained that this was done due to the unavailability of the underlying Tera Bitcoin Price Index. And now Nadex says it is satisfied that the issue has been resolved.

The resumed listing allows American binary options traders seeking exposure to the volatility of cryptocurrencies to trade again with one of the two legal venues in the U.S for binary options.

Nadex is the North American unit of IG Group, an international brokerage house listed on the London Stock Exchange (LSE). It is regulated by the CFTC and is a leading US exchange for binary options and spreads. Its platform is available in web-based and mobile versions.