CBOE said to consider adding Ethereum-futures by year-end

Posted 31 August, 2018

Chicago Board Options Exchange are said to express its intentions to add Ethereum futures trading till the end of 2018.

According to the rumours in the media, CBOE futures will be pegged to the data from the Gemini exchange run by the Winklevoss twins. Specifically, the platform cooperated with this exchange for bitcoin-futures launch last December.

For now, CBOE expects that the Commodity Futures Trading Commission will accept the proposal and will greenlight the futures launch.

With this move, traders are said to become able to open ETH shorts and longs, which may be a further step in accepting this asset class. According to the market expert statements, the new instrument will open new opportunities for investment activities, so the downward trend will be stopped and the market may rebound.

For reference, the CBOE Chief stated earlier that Ethereum-futures no longer faced barriers after the corresponding moves of the US Securities and Exchange Commission.

At the same time, CBOE rival CME does not plan to launch Ethereum futures in the near term. In particular, CME CEO Terrence Daffi said that they would prefer to wait and see citing high volatility of Ethereum and altcoin futures.

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31 August, 2018 13:37

← Ripple successfully consolidates several XRP class action suits

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Ripple successfully consolidates several XRP class action suits

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Ticket Monster gets $32 million funding for Terra stablecoin
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