RATE Group | CBOE Ready to Launch Ethereum (ETH) Futures Trading This Year
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CBOE Ready to Launch Ethereum (ETH) Futures Trading This Year

01 Sep CBOE Ready to Launch Ethereum (ETH) Futures Trading This Year

Posted at 19:15h in Ethereum News by

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The Chicago Board Options Exchange (CBOE) may be close to enabling the trading of futures for Ethereum (ETH) on its platform. This was revealed in a report from the specialized portal Business Insider, in which they mention that CBOE Global Markets, would be “ready” to make this business move soon.

According to undisclosed sources, the release of the futures is planned for the end of 2018. The futures are based on Gemini’s underlying market. This option follows the policies of the exchange which also did something similar with the Bitcoin (“BTC”) futures market which was launched in December 2017, also based on the famous exchange owned by the Winklevoss twins.

The launch of a futures market for Ethereum can be positive for the valuation of the token as it allows an increase in the trading volume by using a new financial instrument. Also, the support provided by the CBOE opens the doors to large investors to speculate with this popular cryptocurrency.

After the launch of…

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