If you’re a trader who uses trading options and/or ETFs to invest and/and wants to avoid the risks of insider trading with the advent of the new Bitcoin futures market, you should probably go with Duluth Trading.
As the name suggests, Duluth is an exchange for the futures of bitcoin that will soon debut.
Its not a fully automated system, and the company says it’s still working to make it as reliable as possible, but it does offer a bunch of services like trading options, investing in ETFs and using its ETFs on other exchanges.
In an interview with Polygon, Dulux co-founder Matt Hulshand said the company is already a big player in the Bitcoin futures trading market, and he expects to grow its trading capabilities over time.
“Duluth Trading is a company that is not automated and is fully self-regulating,” Hulch said.
“Dulus is a very unique company, so it is not easy to know exactly how it will work for you.
Duluth offers a wide range of services, so we will be working on expanding our capabilities as we continue to evolve and grow.”
Hulshands first foray into Bitcoin futures started in November when he bought an ETF that was traded on a different exchange than his existing account.
Since then, he’s invested in the company, and it now has around 10,000 users.
“I have been trading Bitcoin futures for around a year and I have a very good track record of making money,” Hurlsaid.
“As an investor, I have to say I feel like the risk-adjusted return of this business is about 4% a year, and I can make money doing that.”
With this particular investment, Hurl says he’s making money at a rate of about $100,000 per month.
“When I started Duluth trading, it was around $50,000 a month,” he said.
Hurl says his goal with Duluzings initial investments was to “keep my portfolio small, so I can invest the money into Bitcoin and do the best I can for my portfolio.”
There are a lot of people out there who have this kind of money in their portfolio, so this was something I thought about for awhile.
“The company says that it’s also offering some of its own ETFs, which are listed on its website.
But Hurls favorite is the iShares US ETF, which trades on BATS Global Markets and is valued at $6.3 billion.
Hulch’s company has also added to its trading platform, which now includes its own trading pairs, trading algorithms and trading tools.
Hulu said that he and his co-founders were initially attracted to the new markets due to the technology behind them, which makes it possible for traders to trade bitcoin in both the US and the European markets.
Hulk has a simple goal for the company: “We want to keep the volatility in the market low.”
He says that he’s already seen a lot more volatility than other exchanges, and while the company has no plans to add new markets, it does plan to invest more in those that do.”
We don’t want to be the guy that has all these other exchanges and has to keep trading,” Hulk said.
The Duluth team says that its first major new trading platform will launch sometime next month, but the company will continue to add trading pairs and trading algorithms.”
The biggest thing that is important to us is to have good quality trading pairs,” HULSHAND said.”
A lot of the people that are doing trading on other platforms are not good at that.
“For now, the company’s new platform is a bit more experimental than the others, with some users seeing a delay before the exchange actually opens for trading.
But Hurl thinks the company could be ready for mainstream adoption of the futures market by the time it’s up and running.”
The company’s website says that users can trade on its platform in the US, the EU, the Asia Pacific, Australia, the Americas, Brazil, China, Hong Kong, India, Japan, New Zealand, Singapore, South Korea, Switzerland, Thailand, Turkey and the U.K.”
We’ve seen a pretty steady increase in our volume,” he added.
The company’s website says that users can trade on its platform in the US, the EU, the Asia Pacific, Australia, the Americas, Brazil, China, Hong Kong, India, Japan, New Zealand, Singapore, South Korea, Switzerland, Thailand, Turkey and the U.K.
There are also some foreign exchange options for trading, but Hulh says that most of them are based on Bitcoin itself, which is the reason why there is currently a large gap between the prices of some of those options.
“If you look at the prices on the other exchanges you would not know that they are based off Bitcoin,” he explains.