Futures are regulated. Bitcoin is unregulated. So, how can bitcoin futures be allowed by the regulators? The underlying is unregulated, so how can the derivative be regulated?
I simply cannot understand how this can be allowed. I can't put a finger to it but I don't have a good feeling about bitcoin futures. What are the dangers posed or have bitcoin reach mainstream since futures are going to be available?
Banks are unable to offer bitcoin trading due to KYC rule. There are a few counties that do require identification when opening a wallet, however this is "recent".
Your normal arbitrage model is skewed to the sell futures and buy BTC. I dont think you can do it the other way round, unless you can borrow BTC.
It is all very odd.