Eurex specializing in futures trading run by Deutsche Börse AG is about to launch a number of futures contracts that will be pegged to cryptocurrencies.
According to the media reports, Eurex is considering futures that will be pegged to the three major cryptos – bitcoin, Ethereume and XRP. The exchange representatives have held several talks with leading companies in the area to discuss the prospects of the new products over the recent few weeks.
Eurex has maintained its interest in its own crypto futures platform since 2017 when the exchange executives announced they could launch Bitcoin futures. Later, Deutsche Börse representative noted that their company thought over the futures that would help investors (private and institutional) protect existing investments in bitcoins or make a wager on a decline of crypto.
The platform offers many different future contracts now. The users can trade on Eurex at different parts of the world.
The segment for crypto futures has lately seen the entrance of such players as BitMEX, BitFlyer and OKEX, with more projects targeting the market. The situation is driven by increasing demand in new ways to cooperate with the crypto ecosystem from traders and the market participants.
As a commented representative of CoinFlex platform, the main point is that futures contracts give a chance to get bigger profit.
For reference, Coinfloor, one of the UK’s oldest crypto exchanges, launched Coinflex platform in Hong Kong last December. The exchange deals with bitcoin, Bitcoin Cash and Ethereum to USDT futures.