RATE Group | Time for ETH to Rise and Shine as Futures Trading Now Available in US
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Time for ETH to Rise and Shine as Futures Trading Now Available in US

18 May Time for ETH to Rise and Shine as Futures Trading Now Available in US

Posted at 02:43h in Cryptocurrency News by

Crypto exchange platform ErisX is bringing Ether (ETH) futures trading to the United States, becoming the second cryptocurrency derivatives product on offer in the country. The announcement came only a few days after the Chicago-based, TD Ameritrade-backed ErisX obtained a digital currency license from financial regulators in New York.

Bitcoin (BTC) futures trading debuted back in 2017 with both the Chicago Mercantile Exchange and the Chicago Board Options Exchange launching cash-settled BTC futures trading. CBOE has since shuttered its Bitcoin futures contracts trading service.

The news comes after a year of speculation about a possible debut of ETH futures in the U.S. market with some of the arguments surrounding the possible launch hinged on the regulatory classification of Ethereum — whether Ether tokens should be deemed a commodity or a security.

A high-ranking official from the Securities and Exchange Commission has in the past characterized Ether as not a security. Indeed,

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