Categories: CryptoNews

A Bitcoin UASF Futures Market Could Yield Interesting Results

With the date of August 1st fast approaching, a lot of Bitcoin community members are wondering if there will be a UASF futures market. Considering this soft fork will determine the future direction of Bitcoin, there is a lot of interest in the solution. It is unclear if the UASF will succeed in the long run or not. A futures market could be quite lucrative for whichever platform introduces it first.

Will We See Bitcoin UASF Futures Markets?

That is the main question a lot of Bitcoin community members are wondering about right now. It makes a lot of sense to enable such a futures market for the upcoming user-activated soft fork. The date on which this fork will activate is August 1st, 2017. However, it remains to be seen how much support the

UASF will get when push comes to shove. Without enough mining support, this implementation will not make an impact whatsoever.

The way these futures markets would look is by making two sides of the order. One side claims the UASF has the support of users and will pass with flying colors. The other side that opposes the fork will argue that it is reckless, and there is not enough support whatsoever. Both sides are certainly present in the Bitcoin community right now, and they are not shying away from making their opinions be heard.

Any platform or exchange opening such a

Related Post
futures market could make a lot of money from the fees alone. There is a lot riding on the UASF activation on August 1st, and the outcome of this activation threshold could be quite different from what most people expect. It is impossible to tell if this soft fork has enough support to automatically become the largest blockchain in the Bitcoin network. It is certainly possible that will be the case in the end, but a lot of people wouldn’t mind wagering on the outcome.

It is rather interesting to see there is currently no way to wager on the outcome of the UASF. Even the multiple prediction markets available today are not showing any event related to this historic decision in the world of Bitcoin. That is very surprising considering there are so many divided opinions on this topic right now. One would expect prediction markets to capitalize on this opportunity, yet no one is taking the time to do so.

It is equally possible a lot of people are so bummed out by the scaling debate, they no longer care to voice their opinion either. This could explain why exchanges and trading platforms are not necessarily leaning toward creating a Bitcoin UASF futures market right now. After all, if there is no real demand for such a service, there is no point in wasting time and other resources to make it a reality either.  

At the same time, some exchanges like Bitfinex took the time to list Bitcoin Unlimited tokens on their exchange in the case of a chain split a few months ago. Creating a futures market for the UASF is harmless in comparison, since it does not affect overall trading by any means. Only time will tell if we will see such an offering, albeit it seems rather unlikely at this point.  

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

GMT Token Shows Signs Of Recovery After Recent Downtrend

The GMT token, which has experienced a bearish trend across all timeframes, showed signs of…

2 hours ago

Pendle Shows Resilience Amid Market Volatility

Pendle, despite experiencing a 14% decline in the past 7 days following a significant surge…

2 hours ago

Institutional Investors Back ETFSwap (ETFS) Over Uniswap (UNI) To Become The Leading DeFi Trading Platform

Launched in 2018, Uniswap (UNI) is a decentralized exchange built on top of the Ethereum…

13 hours ago

Investors Flock to DTX After Recent Downturns in BNB and Shiba Inu – Here’s Why

In the wake of significant downturns in popular cryptocurrencies like Binance Coin (BNB) and Shiba…

16 hours ago

Why BEFE Coin’s Price Could Skyrocket in the Market

Undoubtedly, a coin that's going to do well in the market will show signs of…

16 hours ago

Bitgert Coin: The Dark Horse of Cryptocurrencies Post Bitcoin Halving

The impending Bitcoin halving presents a critical moment for Bitgert Coin since it portends potential…

16 hours ago