RATE Group | Major Wall Street Institutions are Finally Launching an Ethereum Futures Market
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Major Wall Street Institutions are Finally Launching an Ethereum Futures Market

03 Oct Major Wall Street Institutions are Finally Launching an Ethereum Futures Market

Posted at 15:22h in Ethereum News by

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Chicago Board Options Exchange (Cboe), $29 billion brokerage firm TD Ameritrade, and several other large investment firms are supporting the launch of ErisX, a futures market that will integrate Ethereum, Bitcoin Cash and Litecoin along with Bitcoin.

Frank Chaparro at The Block exclusively reported that former Citigroup Head of Quantitative Execution Thomas Chippas left the US-based banking giant to develop ErisX.

For many months, since the debut of the Cboe and CME Group Bitcoin futures market, investors in the cryptocurrency market called for the launch of an Ethereum futures trading platform.

ErisX is expected to launch as the first regulated US-based futures market for Ethereum, Bitcoin Cash and Litecoin.

Interest in Crypto Hasn’t Slowed Down in Bear Market

JB Mackenzie, TD Ameritrade’s Managing Director of Forex and Futures, told Chaparro in an interview that the cryptocurrency economy has seen rapid development and growth over the past nine months despite the bear market and…

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