Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas

2019-5-24 02:00

Tom Chippas, the CEO of ErisX Digital, spoke about the current status of its Bitcoin futures contract, and commented on who was currently buying into Bitcoin, considering the rise of futures volume, during an interview with TD Ameritrade Network.

Chippas was aksed who he thought was buying Bitcoin, whether it was someone who was running a pension fund or a hedge fund, and whether there was a way to find out. To this, he stated,

“[…] Well, there’s no one place to find out, so to answer the second part of that first. But it’s definitely being done. What I would say is we have a market that’s still evolving specifically there’s a point in click, retail trading going on for sure […]”

He further stated that there were some institutional asset management, mainly hedge funds. According to the CEO, the main activity was taking place in the Over-the-Counter [OTC] trading platforms, where counterparties agree to trade individually and those trades “never print to tape anywhere”. Chippas went on to state,

“[…] one of the things we will be providing is a clearinghouse, allowing counterparts to agree that block trade and then that information would come into our market data. So, it would be available to the appropriate controls around it, much like is required in futures today […] it’s something that we would be bringing to spot crypto […]”

Chippas stated that ErisX’s spot market has been live for nearly a month and that the futures was still subject to “final licensing” requirements from the CFTC, adding that they were “at the late stages of those conversations.” Further, the CEO spoke about the drop of the XBT contracts, stating that there would be experiments, which would have different results. He added that the development of a robust spot market, which has a reliable price, was going to be important for multiple players.

 […] You need market players to provide inter-day liquidity. You need producer, hedgers, speculators and that’s what we’re trying to grow, trying to bring minors in as well as really give that fulsome market. So that you have price discovery happening not just on one side of the way but across multiple counterparts with different time horizons.”

The post Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Цена в час новости $ 5.6541 (-100%)

bitcoin futures chippas tom ceo erisx buying

Источник: ambcrypto.com

bitcoin futures → Результатов: 126


На CME запущены торги микрофьючерсами на биткоин

3 мая Чикагская товарная биржа (CME Group) запустила торговлю новым инструментом на базе первой криптовалюты — фьючерсами Micro Bitcoin. Coming May 3 – get ready for the launch of Micro Bitcoin futures with a video series on contract basics, how it compares to the larger Bitcoin futures, and different ways to use it.

2021-5-4 17:51


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.