The CBOE will introduce futures contracts on Ethereum


The American stock exchange CBOE plans to expand the range of futures contracts – in addition to Bitcoin on the platform will be presented cryptocurrency Ethereum! The launch of futures on the coins ETH is scheduled for the end of 2018!

Futures Ethereum will significantly expand the capabilities of traders: market participants can trade contracts based on their forecasts of course the ETH, it will increase the liquidity of the cryptocurrency and to attract new investors.

December 1, 2017, the President CBOE Chris Concannon said that the exchange is interested in trading commodity futures contracts on the Ethereum cryptocurrency and Bitcoin Cash, so in the future we can expect contracts for BCH! The request of the company for the launch of the futures Commission on trade in commodity futures the United States, not the Commission for securities exchanges and securities as Ethereum has not received the official status of “securities”.

CBOE main competitor in the market of crypto-currency futures – CME Group, which is involved in trading contracts on Bitcoin. Unlike the CBOE, CME Group has no intention to add futures to other digital assets. According to Director Terry Duffy, futures contracts for the virtual currency could harm the reputation of the company because of the high volatility of the exchange rate of the coins. CME Group doesn’t want to risk still concentrates only on Bitcoin!

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.