Argentina’s regulatory agency, the National Securities Commission (CNV), has approved the creation of bitcoin-denominated futures contracts for trading on the local Matba Rofex exchange.
Matba Rofex announced the start of trading in a new investment product for Latin America. A spokesperson for the trading platform said that the size of the futures contract will be equivalent to one-tenth of a bitcoin. The underlying asset will be taken as the basis, which is an index calculated by Matba Rofex based on bitcoin quotes on all 11 national crypto exchanges Argentina.
In May, the administration of Tether, the operator of the largest-stablecoin by capitalization, announced a
a partnership with KriptonMarket to promote USDT as a means of payment for small businesses in Argentina.