The first index-based bitcoin futures contract in Argentina went live on Friday, giving qualified crypto investors access to the market through a regulated local authority.

The contract is based upon a bitcoin index, powered by Matba Rofex. This Argentinian stock market published the contract regulations and trading guide on Thursday.

The National Securities Commission of India (CNV) approved the launch of the contract in April. It argued that they wanted to “promote new and innovative products developed by their regulated entities on the capital market.” This is the first crypto-product approved by the CNV.

Matba Rofex said that initially, the product would only be traded by investors who meet the CNV’s requirements. The agents involved in the transaction will therefore be responsible for verifying that this requirement is met.

Matba Rofex warned that users could suffer significant losses due to the fluctuation of the prices of crypto-assets. It also clarified that CNV has no control over those who provide the prices for the Bitcoin index.

Sheldon Reback is the editor.