Risks of Trading Bitcoin

Added on by C. Maoxian.

This section of the risk disclosure made me laugh:

“The underlying ‘cash’ markets for Bitcoins (the product from which Bitcoin Futures and Options are derived) are largely unregulated, and many are offshore. Underlying Bitcoin markets may not be subject to registration, licensing, or fitness requirements, audit trail or trade reporting rules, market integrity rules, wash sale, spoofing, or other anti-fraud rules, disaster recovery or cybersecurity requirements, surveillance requirements, or anti-money laundering rules. Because of these factors, Bitcoin markets may be unusually susceptible to fraud and manipulation, which could adversely affect the price of Bitcoin Futures and Options.”