ETHEREUM FUTURES LAUNCH NEXT WEEK. WILL THIS BOOST OR CRASH THE MARKET AS IT DID IN 2017?
- Will Ether Futures Become More Popular than BTC Futures??
- Interest in bitcoin futures is increasing
Ether futures contracts are available on the ErisX platform
Ether futures are now available for investors to trade
Bitcoin futures trading is growing rapidly
ErisX platform became the first in the world to trade ETH futures
The ErisX platform, which positions itself as a derivatives clearing site, announced the launch of a new feature – trading in ether futures. This is the first project in the world to offer such services..
Will Ether Futures Become More Popular than BTC Futures??
The New York City Department of Financial Services has licensed ErisX to trade ether futures. According to representatives of the platform, such a function will become available to users for the first time..
Until now, the derivatives market has not traded futures contracts for ETH tokens, although this cryptocurrency is the second in the US and in the world in terms of capitalization.
“Starting today, individual and institutional investors can access physical delivery of ETH-USD futures contracts with monthly and quarterly expiration..
Futures contracts are traded on a single and innovative platform that provides price transparency and collateral efficiency, ”the company said..
The Commodity Futures Trading Commission (CFTC) has been postponing for a long time the issue of issuing a license to trade bitcoin futures. However, at the beginning of the year it became known that the permit would still be issued, and the ErixS platform would become the first official platform for trading such derivatives..
Interest in bitcoin futures is increasing
Over the past year, open interest in Bitcoin futures has skyrocketed. In February, the total open interest in bitcoin futures on the Bakkt cryptocurrency exchange reached $ 18.59 million.According to Bakkt statistics, in early January this figure was $ 9.6 million, and by mid-February it reached $ 17.8 million. by the most increasing the indicator of open interest almost twice.
And at the end of February 19, the indicators of the trading volumes of futures contracts for bitcoin (BTC) on the Chicago Mercantile Exchange exceeded the important psychological mark of $ 1 billion. This is the third such precedent..
This indicates that more and more institutional and retail investors are interested in trading cryptocurrency derivatives..
We will remind that earlier BeInCrypto wrote that Bitcoin futures are recovering after the March fall. The amount of open positions in Bitcoin futures contracts has finally started to rise after an unprecedented drop in March. Growth is solid now.
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