Bitcoins can be bought on digital currency exchanges. According to Tony Gallippi, a co-founder of BitPay, "banks are scared to deal with bitcoin companies, even if they really want to". In 2014, the National Australia Bank closed accounts of businesses with ties to bitcoin, and HSBC refused to serve a hedge fund with links to bitcoin. Australian banks in general have been reported as closing down bank accounts of operators of businesses involving the currency; this has become the subject of an investigation by the Australian Competition and Consumer Commission. Nonetheless, Australian banks have trialled trading between each other using the blockchain technology on which bitcoin is based. In a 2013 report, Bank of America Merrill Lynch stated that "we believe bitcoin can become a major means of payment for e- commerce and may emerge as a serious competitor to traditional money-transfer providers." In June 2014, the first bank that converts deposits in currencies instantly to bitcoin without any fees was opened in Boston. Plans were announced to include a bitcoin futures option on the Chicago Mercantile Exchange in 2017. Trading in bitcoin futures was announced to begin on 10 December 2017.

Financial institutions

Bitcoin

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