Media: CBOE intends to launch futures …

Media: CBOE To Launch Ethereum Futures By Year End

Operator of the Chicago Board Options Exchange Cboe Global Markets has informed market makers that it is preparing to launch Ethereum futures. Writes about this Business Insider with reference to sources familiar with the situation. The product may be presented before the end of this year, said one of them.

“Cboe’s offer will allow crypto traders to take short and long positions on ether. This is another step towards the spread of a new asset class, ”said Danny Kim, head of development for crypto-trading technology company SFOX. “Thanks to this, I believe new investment opportunities will end the crypto bear market and turn it into a bullish trend.”.

Ethereum futures will be based on the market data of the American cryptocurrency exchange Gemini, a source familiar with the situation said. The Winklevoss brothers’ company Cboe also resorted to help last year when it launched Bitcoin futures..

The exchange operator is waiting for the Commission on Trade in US commodity futures (CFTC) will be satisfied with his offer before launching its new instrument, a source said.

Cboe President Chris Concannon has previously hinted at the possibility of expanding his company’s cryptocurrency offering. Last December, he named Ethereum and Bitcoin Cash as examples of cryptocurrencies on which other futures could be launched..

Media: CBOE intends to launch futures ...

Meanwhile, Terry Duffy, CEO of rival exchange CME Group, said that ether futures would not appear on his site anytime soon. “I’ll take a wait and see attitude for now and see what happens to bitcoin,” he said in a conversation with Bloomberg in July..

In June, the representative Securities and Exchange Commission The US (SEC) confirmed that Ethereum transactions are not regulated by federal securities laws, thus dispelling the doubts that existed in the market at that time. Ethereum, however, continued to decline and hit a local low of $ 254.65 on Aug.14, according to CoinMarketCap data. Against the backdrop of today’s news, the cryptocurrency showed growth and in a short time rose by 5%, while remaining in the red zone in the 24-hour period.

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