More expensive cryptocurrency. Until the end of the year, CBOE will launch Ethereum futures

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Marketplace of Chicago waiting for the decision of the Commission on trade in commodity futures of the USA, it will add a new financial instrument immediately after the positive opinion of the regulator

Chicago Board options exchange CBOE plans to launch Ethereum trade-futures until the end of 2018, says Business Insider, citing anonymous sources. A new financial instrument will be based on data from the Gemini platform, trading platform already used her information in December 2017 during the launch of derivatives contracts on bitcoin.

CBOE is waiting for the decision of the Commission on trade commodity futures U.S. (CFTC) for this reason. A new financial instrument will appear on the exchange from Chicago right after the regulator will issue a positive opinion.

According to the Director of development of the company SFOX Danny Kim, futures Ethereum will allow traders to work both the long and short positions on the airwaves. It will be a new phase of more widespread adoption of digital money, and will cause a new wave of market growth.

In June, CBOE President Chris Concannon said that the Commission on securities and exchange Commission (SEC) has eliminated all obstacles to launching Ethereum futures. The exchange shall consider such a possibility since the launch of futures contracts on the bitcoin.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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