Bitcoin Bears Will Soon Be Able to Short Futures Through Interactive Brokers
- Brokerage will let users short bitcoin futures this week
- Clients were only allowed to take long positions at first
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Interactive Brokers Group Inc. plans to let bitcoin bears bet against the digital currency’s recently debuted futures contracts.
Starting this week, the brokerage will allow its users to take short positions on bitcoin futures under certain conditions, according to company spokeswoman Kalen Holliday, who said the decision was made “in response to client demand.” Interactive Brokers has accepted long positions with a margin requirement of at least 50 percent since the contracts debuted Sunday on Cboe Global Markets Inc.