RATE Group | Ethereum Price and Usage Disappoint Despite ETH Futures Rumors
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Ethereum Price and Usage Disappoint Despite ETH Futures Rumors

01 Sep Ethereum Price and Usage Disappoint Despite ETH Futures Rumors

Posted at 00:57h in Ethereum News by

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CBOE could launch Ethereum (ETH) futures by the end of 2018 if US regulators approve its product, anonymous sources told Business Insider August 30.

‘Getting Comfortable’

CBOE, which launched pioneering Bitcoin futures in December last year, is currently waiting while the Commodity Futures Trading Commission (CFTC) to “get comfortable with the product before its official launch,” the publication reported citing “people familiar with the matter.”

The news comes amid a continued downturn in ETH’s fortunes, with Ethereum price 00 battling lows not seen for almost a year.

Should the rumored futures go ahead, they would use Gemini’s underlying market, the people continued, the setup mirroring CBOE’s Bitcoin setup, which also uses the Winklevoss twins’ platform.

Bitcoin ETF CBOE Announces Increased Bitcoin Futures Margins Amid Market Manipulation Worries

Since their launch, Bitcoin futures from both CBOE and CME Group have faced both mixed success and a mixed reception as the 2018 bear market across cryptocurrency continues to take its toll.

CME has no plans…

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