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Holding Crypto in your IRA
Retirement PlanningCrypto-Enabled IRAHarnessing the Future of Crypto Cryptocurrencies have exploded in popularity over the last few years and are now into the mainstream. Are you a believer in the long-term prospects of cryptocurrencies? Do you want...
What is an IRA?
Retirement PlanningIRA BasicsA Proactive Financial Mindset With several employers offering lower matches on m employee 401k plans, being self-reliant when it comes to your retirement planning is now more critical than ever before. An IRA or...
Limitations of an IRA
Retirement PlanningIRA BasicsMaking Sense of IRAs Attaining financial security in your later years is something that all Americans desire, but few prepare for. Our daily lives can be hectic with our work and short-term needs, making planning for...
DISCLOSURES: Futures’ trading is not suitable for all investors and involves the risk of loss. The risk of loss in futures can be substantial. You should, therefore, carefully consider whether such trading is suitable for your financial condition. No statement within this webpage should be construed as a recommendation to buy or sell a futures contract or as investment advice.
BITCOIN DIGITAL ASSET DISCLOSURE: The Cboe Futures Exchange LLC (CFE) and the CME Group, Inc. (CME) have launched, or will soon launch, trading in Bitcoin futures. The CFE futures contracts are cash-settled contracts based on the Gemini’s auction price for Bitcoin, denominated in U.S. dollars. The CME’s futures contracts are, or will be, cash-settled contracts based on the CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI). The specifications for each Bitcoin futures contract, including margin requirements and price fluctuation limits, can be found on the CFE and CME websites. TradeStation reserves the right to impose more restrictive limits which may, at TradeStation’s discretion, be revised from time to time. TradeStation also has the contractual right to liquidate all or any part of your position(s) through any means available, without prior notice to you. The regular risks associated with trading commodity futures contracts also apply to the trading of Bitcoin futures.
These risks can be viewed at the following link: www.tradestation.com/important-information/.
Customers choosing to trade Bitcoin futures should consider additional significant risks including, but not limited to: (a) Bitcoin futures contracts have not previously traded on a U.S. regulated futures exchange and as such, there is no futures trading history in this product; (b)The price of the underlying Bitcoin and the indexes upon which the futures contracts are based are highly volatile and unpredictable based on many factors; (c) Since a limited number of futures commissions merchants may offer trading in the Bitcoin futures contracts, there might be limited volume which might impact market efficiencies and price movements; and (d) The risk of loss can be substantial and could result in a customer losing more than the initial or maintenance margin requirement. As such, each customer should conduct his or her own due diligence prior to make a decision to trade in these products. See link below from the National Futures Association for more information. www.nfa.futures.org/investors/investor-advisory.html
FORKING: A hard fork in a blockchain is a permanent divergence from the previous version of a blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain, one path which follows the new, upgraded blockchain, and one path which continues along the old path. Generally, after a short period of time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version. In the simplest terms and as it relates to Bitcoin futures, a hard fork is similar to a spinoff into a new instrument. CME is developing a hard fork policy for capturing cash market exposures in response to viable forks. The policy may involve cash adjustments to position holders or listing additional related futures that are also issued to position holders. CFE is developing a hard fork policy for capturing cash market exposures in response to viable forks. The CFE policy is not finalized.
Additionally, the Commodity Futures Trading Commission (“CFTC”) has made available a Virtual Currency Resource Web Page designed to educate and inform the public about this topic and its risks. See the link below for further information from the CFTC.