Nasdaq-listed Eqonex launches physically-settled bitcoin futures contracts

Nasdaq-listed digital asset financial services firm Eqonex has reportedly launched a new bitcoin investment product, a physically settled, dated BTC futures contract. In announcing the news on Wednesday, Equinox explained that its BTC futures are denominated in USDC and rise in line with the price of Bitcoin against USDC. According to the announcement, the Eqonex BTC futures contract expires at 08:00 UTC on the last Friday of the expiry month, with automatic physical settlement on the expiry date. Users can trade new BTC futures contracts using leverage. Equinix also expects to launch more such future products for cryptocurrencies, including Ethereum, “in the coming months.”