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Bitcoin has entered the awkward adolescence stage

Derivatives provide greater visibility into an opaque market, but there is no rush to embrace them.

The floor is available and the band is playing, but no one is asking anyone else to dance.

LAST autumn, as cryptocurrencies seemed on the brink of a linkage with the traditional financial system,  there were predictions of a price explosion along with institutional, regulatory and mainstream acceptance of the currencies. Others predicted disaster or a collapse to zero value. In the...

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