The Ethereum futures can soon become reality, as the cryptocurrency platform LedgerX in full swing preparing for their run. This is not to say that it is definitely good news.
Suffice it to recall what happened after the launch of futures on bitcoin to the end of 2017. Recently, the dynamics of Ethereum rather weak. Providing traders the opportunity to short sell this asset may lead to new lows.
According to The Block, LedgerX expects approval from the Commission on trade commodity futures (CFTC) and is already ready for the official product launch. Apparently, the approval can be obtained after 5 October.
Former Goldman Sachs trader Paul Chou founded LedgerX in 2012. Since then, the company’s customers are large hedge funds and many other institutional investors. In 2017 LedgerX has started to offer trading bitcoin swaps and option contracts.
Option contracts and futures give traders the opportunity to bet on the future price of an asset. When the CME and Cboe launched futures on bitcoin at the peak of its price, many traders have started to play on the slide.
Developed within the Cboe is also a number associated with the Ethereum futures products, but their run in the near future should not wait, as the CFTC is in no hurry with their review.