TD Ameritrade-backed ErisX Crypto Exchange Launches First Physically Settled Ether (ETH) Futures Contracts in the US

2020-5-12 17:20

ErisX, the Chicago-based crypto derivatives exchange is officially the first to launch physically settled Ether (ETH) futures contracts within the U.S.

The TD Ameritrade-backed firm announced on May 11th that it has pioneered these contracts under the regulation of Commodity Futures Trading Commission (CFTC).

This move comes as a major boost to Ethereum's adoption within regulatory limits, including the vibrant global financial market. It's quite noteworthy that ErisX recently acquired a Bitlicense from the New York State Department of Financial Services (NYDFS).

With this kind of oversight, the firm is optimistic that it will attract more institutional investors into the crypto market via ETH. The announcement further echoed:

“Ethereum has genuine functionality and use cases with real people, firms and governments using the network, and it’s structure has many similarities with existing commodity markets.”

Physically Settled ETH Futures on ErisX

This launch marks Ether's debut as the second digital asset to be introduced within a regulated futures market after Bitcoin.

The current existing BTC futures market includes the Chicago Mercantile Exchange, Bakkt, and ErisX. The former markets having launched towards the end of 2018/19. However, it seems to be growing much slower than anticipated by market stakeholders.

ETH physical futures will hopefully encourage adoption in the market, as has been the progress with DApp development. By physical settlement, it simply means that the difference of the future with a prevailing market price will be sorted in the underlying asset form, ETH, as opposed to a fiat currency. The ErisX blog added that the contracts will be short-term expiring in a month or quarterly:

“Starting today individual and institutional investors can access physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations.”

ETH futures come as no surprise to the crypto market portfolio; back in October 2019, the CFTC chairman predicted that they would launch within six months. This is after he had said that Ether is a commodity in his view.

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 $ 4.8381 (-100%)

futures contracts eth erisx crypto ether ameritrade-backed

Источник: bitcoinexchangeguide.com

futures contracts → Результатов: 126


Фото:

Exchange News: Mt. Gox Trustee Extends Deadline, GBX Licensed in Gibraltar

In recent exchange news, the Mt. Gox trustee will seek to extend the deadline for rehabilitation claims. In other news, Gibraltar Stock exchange has become the first national stock exchange to operate a regulated virtual currency exchange, and Okex has denied accusations of market manipulation relating to its recent short-notice settlement of BCH futures contracts.

2018-11-24 15:45


Why the TRON Community Believes Bakkt Should Consider TRX

The postponement of the launch of Bitcoin (BTC) Futures Contracts by Bakkt fell on the minds of crypto traders like a hammer on an anvil. This was due to the fact that many crypto traders and enthusiasts had marked the 12th of December as the date more institutional investors would jump into crypto investing with […] The post Why the TRON Community Believes Bakkt Should Consider TRX appeared first on Ethereum World News.

2018-11-24 14:29


Фото:

Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release. On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019.

2018-11-21 02:24


Фото:

Traders suffer huge losses as OKEx closes Bitcoin Cash futures early

Several high-profile cryptocurrency traders are posting major losses after the Bitcoin Cash hard fork, as the true impact of the controversial hash wars starts to make itself known. Just as the price of the original Bitcoin Cash cryptocurrency started to fall last week, major exchange OKEx abruptly ended $135 million worth of futures contracts, claiming it necessary to protect clients from the impending market volatility.

2018-11-19 14:56


Фото:

Why An SEC Announcement Is What Stands Between Bitcoin (BTC) and a $7,200 Price Value

From the onset of this article, I would like to let the reader know that I am not a Technical Analysis expert. Any further opinion in this piece is based purely on fundamentals and observations. Therefore, looking at the performance of BTC since the expiration of last month’s CME Bitcoin Futures contracts on the 26th […] The post Why An SEC Announcement Is What Stands Between Bitcoin (BTC) and a $7,200 Price Value appeared first on Ethereum World News.

2018-11-7 14:24


Фото:

Markets Roundup: Spot BTC Markets Shrug CME Settlement, Pantera CEO on Cyclical Sentiment

In the cryptocurrency markets, the recent settlement of CME futures contracts appears to have exerted little impact on spot BTC prices, the CEO of Pantera Capital has shared his outlook on initial coin offerings, and October has proven to be the least volatile month of 2018, with only a single day producing a price swing […] The post Markets Roundup: Spot BTC Markets Shrug CME Settlement, Pantera CEO on Cyclical Sentiment appeared first on Bitcoin News.

2018-10-29 00:05


Regulated crypto trading platform Bakkt will launch on December 12

Bakkt, a global regulated ecosystem for digital assets, which was announced in August by Intercontinental Exchange, will officially launch on December 12, pending regulatory approval. On October 22, ICE announced that Bakkt could begin offering physically settled bitcoin futures contracts in December, marking the first cryptocurrency-related offering provided through the new platform. Bakkt will hold […]

2018-10-23 09:52


CME Bitcoin Futures Contract Hits Volume High of 5,053 Contracts in Q3, up by 41%

CME Group announced its average daily volumes in the third quarter. Bitcoin futures ADV rose 41 percent to 5,053 contracts with open interest increasing by 19 percent to 2,873. CME Group Announces Bitcoin Futures Contracts Volume Up By 41% Chicago Mercantile Exchange (CME), described by The Economist as “the biggest financial exchange you have never heard.

2018-10-19 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cboe to acquire crypto trading exchange platform ErisX

Cboe Global Markets, a provider of global market infrastructure and tradable products, announced it has entered into a definitive agreement to acquire ErisX, the operator of a U. S. -based digital asset spot market, a regulated futures exchange, and a regulated clearinghouse.