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BITCOIN vs Gold - BTCXAU


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BITCOIN vs Gold - BTCXAU

  #1 (permalink)
trend train
Riyadh, Saudi Arabia
 
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hello crypto futures members

do you know any futures broker provide this instrument BTC vs GOLD or BTCXAU?


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  #2 (permalink)
 
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 SMCJB 
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You could do it with CME Micro futures, but it would be messy.
1 MGC = 10oz of Gold = $18000 Notional
8 MBT = 0.8 Bitcoin = $18800 Notional

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  #3 (permalink)
trend train
Riyadh, Saudi Arabia
 
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SMCJB View Post
You could do it with CME Micro futures, but it would be messy.
1 MGC = 10oz of Gold = $18000 Notional
8 MBT = 0.8 Bitcoin = $18800 Notional

Thank you I checked their website not find this product do you know its symbol?

Many thanks

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  #4 (permalink)
 
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 SMCJB 
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Just to confirm there isn't a listed BTC-Gold contract. What I'm saying is that if you bought 8 MBT contracts and sold 1 MGC contract then your positions would be
Long 0.8 Bitcoin
Short 10oz Gold
Long $800
Hence why I said it was a messy way of achieving your goal

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  #5 (permalink)
trend train
Riyadh, Saudi Arabia
 
Posts: 36 since Dec 2021
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SMCJB View Post
Just to confirm there isn't a listed BTC-Gold contract. What I'm saying is that if you bought 8 MBT contracts and sold 1 MGC contract then your positions would be
Long 0.8 Bitcoin
Short 10oz Gold
Long $800
Hence why I said it was a messy way of achieving your goal

hehe i see why messy and i doubt its going to work thanks for your thought

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  #6 (permalink)
 GFIs1 
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trend train View Post
hello crypto futures members

do you know any futures broker provide this instrument BTC vs GOLD or BTCXAU?

Hi

Why complicated? You can bring in your gold, cash or other assets to a broker. Then you trade the btc and other as you like. No hassle. btc has sometimes very high vola, gold doesn't - which means a good pair to handle.
If you need a broker - please respond here.

GFIs1

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Last Updated on August 13, 2022


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