In a move that could shift the trading dynamics of Bitcoin futures, the brokerage firm Interactive Brokers Group Inc will allow its traders to begin betting against the cryptocurrency. The firms CEO Thomas Peterffy told the Financial Times that clients will be allowed to short Bitcoin futures by the end of this week.
The announcement comes on the heels of a strong bull market after Bitcoin futures trading began this week. However, according to the Financial Times, Interactive Brokers is handling an estimated 53 percent of the total futures volume on 4 Board Options Exchange (CBOE) --- a sudden open short potential could reverse the bullish trend.