Hong Kong Launches Inverse Financial Product to Bet Against Bitcoin

Hong Kong Launches Inverse Financial Product to Bet Against Bitcoin

Hong Kong’s stock exchange is launching its first Bitcoin inverse investment product, enabling traders to bet against the largest cryptocurrency by market capitalization. Hong Kong’s stock exchange is set to debut the Bitcoin Futures Daily Inverse Product, offered by CSOP Asset Management. This product, denominated in U.S. dollars, allows investors to take short positions in Bitcoin futures traded on the Chicago Mercantile Exchange (CME), the...

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