I shouldn’t must inform you that Fb‘s upcoming ‘cryptocurrency‘ Libra isn’t having a good time. With each passing day, and each new headline, it appears much less doubtless that Libra will ever launch, not to mention on time.
Properly, should you’re skeptical and suppose Libra goes to be delayed, you’ll be able to take a shot at making some cash at it by betting that it gained’t launch – similar to I instructed you to do already.
When you might most likely go all the way down to a bookies and place a wager, that’s not one thing you’d need, is it? Since you truly find out about Bitcoin, blockchain, and cryptocurrency. What you need is a derivatives future, for no different purpose than it sounding cool.
Joking apart although, CoinFLEX, a cryptocurrency-futures trade is now providing derivatives that pay out based mostly on the chance that Libra will truly launch and be operational by the tip of subsequent 12 months, Bloomberg studies.
CoinFLEX’s physically-settled futures pays out Libra tokens if the ‘cryptocurrency‘ is reside by December 30, 2020. If Libra isn’t operational although, buyers will get nothing and can lose their preliminary funding. Customers may also be capable to wager in opposition to Libra launching in 2020.
Based on the report, the futures shall be accessible from October 24, with every Libra token being set at $0.30. After the preliminary futures are provided, contracts might be traded. It’s believed the costs of the contracts will range relying on how Libra’s improvement goes.
*This isn’t funding recommendation. Don’t gamble, ever. You’ll not win, most likely.
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Printed October 7, 2019 — 13:22 UTC