According to sources, the news publication Business Insider, the operator of the Chicago Board options exchange CBOE Global Markets, told the market makers that the end of the year plans to launch futures on ether, the second — largest cryptocurrency by market capitalization.
“New product CBOE will be another step towards the proliferation of a new class of assets that will allow traders to open short positions on the airwaves. I believe that these new investment opportunities finally deployed the cryptocurrency market towards bullish trend,” said Danny Kim (Danny Kim), head of development capturedimages technology company SFOX.
In addition, sources familiar with the situation said that the quotations for futures on the air will be taken from the American exchange cryptocurrency Gemini, which is already the CBOE launched futures on bitcoin last year.
The main advantages of ether for traders of futures products are “transparency, efficient pricing and deep liquidity”. Futures live would provide a centralized market for the trading community on which they could hedge their existing positions on the airwaves.
At this point in the CBOE awaiting the decision of the Commission on trade commodity futures U.S. (CFTC) on its proposal for the launch of a new tool.
It should be noted that the decision to launch futures on the air not spontaneous. In December last year, the President CBOE Chris Concannon as examples of cryptocurrency, which in the future may be running futures, called Ethereum and Bitcoin Cash.
At the same time the General Director of CME Group Terry Duffy said on their site futures for broadcast in the near future will appear:
“While I have taken a wait and watch what is happening and will happen with bitcoin”, he told Bloomberg in July of this year.
About two months ago the representative of the Commission on securities and exchange Commission (SEC) announced that the transaction with ether not regulated by Federal securities laws, and thus dispelled the doubts that existed in the market at the moment.