CBOE will Launch Futures Trading on Ethereum This Year
CBOE Global Markets, owner of the Chicago Stock Exchange (CBOE) and one of the largest exchange holdings, plans to launch the Ethereum (ETH) futures trade by the end of 2018.
Futures for ETH will be listed on the platform of the Gemini exchange, which belongs to the twin brothers The Winklewosses. Recall that the trade in bitcoin futures was launched on this platform at the end of last year.
We note that futures are understood as agreements for the purchase and sale of assets at a certain future date at a predetermined price. Thanks to the availability of futures contracts, investors are able to speculate with a rate of cryptocurrency, without having it in their investment portfolio.
Now, there is information that the Chicago Stock Exchange is awaiting approval by the Commodity Futures Trading Commission (CFTC) before making an official announcement. Another US regulatory body - the Securities and Exchange Commission (SEC), decided in June that Ethereum doesn't apply to securities. Then, the president of CBOE Global Markets, called this decision a "stumbling block" for the possibility of launching futures for Ethereum.
Last month, the Chicago Mercantile Exchange (CME) reported that the volume of futures trading on bitcoin in the second quarter of this year increased by 93%, compared with the numbers for the first quarter. The launch of futures trading on BTC on the CME platform took place on December 17 last year. This happened a few days after the similar action by the Chicago Stock Exchange (CBOE).