The American trading company Jane Street Capital reported that it makes deals on $13 bn daily using tools such as ETF, stocks, futures, commodities, options, bonds, currencies, and now also bitcoin.
“The volume of trading on all products was $ 5.6 trillion in 2017,” the company spokesman said, adding: “Jane Street operates with 56,000 titles worldwide, which includes a wide range of asset classes, including bitcoins.”
The company does not specify exactly how it works with bitcoin. Probably, we are talking about futures, the calculations for which occur in cash, and not about the immediate purchase and sale of cryptocurrency.
The volume of trading on bitcoin futures rose this month – about 3,000 contracts against 1,000 in February.
Also, DV Trading, a company specializing in futures and fined $5.7 million for fictitious transactions, announced its interest in cryptocurrencies.
The market maker Virtu Financial, servicing over 19,000 securities, also informed about its interest.
All of them began to work with instruments tied to the сryptocurrency exchange rates, after the launch of the bitcoin futures in December of last year.
It is not excluded that these companies use other tools that have not yet been distributed in the traditional market. This is indicated by their interest in arbitrage cryptocurrency.
“Sometimes the yield of such a deal can be 10%,” says Toby Allen of Akuna Capital. “For a trader, this is such an exciting space, especially against the backdrop of traditional assets.”
Jane Street, in turn, said that it will open new crypto-derivatives, if such will appear on the market.
Earlier it became known that new cryptocurrencies, in particular Bitcoin Cash and Litecoin, could be added to the Gemini exchange, which could be an important step for issuing new cryptocurrency instruments, since already now the Chicago Options Exchange uses the data of this trading platform to calculate its futures for bitcoin.