Bank of America to reportedly approve Bitcoin futures trading

After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures.

  • Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC futures.
  • The plan to allow only a handful of clients to access the new service is because of the large amount of margin required to trade futures.
  • One of the sources went even further, indicating that some customers may have already started interacting with the primary cryptocurrency through BofA’s platform, which will use CME futures.

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