First Bitcoin futures contract debuts in Argentina By Cointelegraph

Argentina welcomed its first futures contract on July 13, just three months after the country’s securities watchdog approved the underlying index as part of a strategic innovation agenda.

According to Matba Rofex, the trading platform behind the investment vehicle, it is the first Bitcoin (BTC) futures contract in Latin America. In a futures contract, buyers bet on the future price of a commodity or other asset, such as Bitcoin. Under the contract, buyers and sellers are obligated to purchase and sell the asset at a predetermined future date.