Matba Rofex received approval to launch regulated BTC index futures contracts in Argentina.

Argentina’s securities regulator – the National Commission of Value (CNV) – reportedly authorized the local exchange Matba Rofex to launch regulated Bitcoin index futures contracts.

Argentines have recently shown rising interest in the primary cryptocurrency and other digital assets. One factor behind the surging appetite could be the concerning inflation rate in the country and the political instability.

Additional BTC Options for the Locals

The BTC index futures contracts will enable locals to gain exposure to the price of the primary cryptocurrency without having to hold the asset. Deposits will be made in Argentine pesos – the nation’s official currency – via bank transfers.

The CNV’s approval is part of a broad strategy to embrace new technologies and promote a variety of monetary products to the population.

The domestic exchange Matba Rofex must have a valid agreement with a Payment Services Provider (PSP) registered with Argentina’s central bank to launch such contracts. Its President – Andres Ponte – praised the entity for becoming the first in Latin America to offer regulated BTC futures.