Ethereum Futures Coming To Wall Street

Since the Chicago Board of Trade Exchange and the Chicago Mercantile Exchange Group began offering bitcoin futures contracts in mid-December 2017, cryptographically supported futures contracts have been the focus of debate. What happened to the investment tools before the Wall Street line was that Bitcoin experienced the biggest bull market date. As of December 17, bitcoin trading was at $20,000. After the futures contract went live, the price of Bitcoin fell to the current level of $7,000.

It is in the above example that the CBOE exchange program news provided Ethereum futures at some point this year, and investment products may be seen as a double-edged sword for ethereum. First, we may see high points that are invisible in the case of bitcoin coin like last year. Since the ethereum futures contract is scheduled to be released later this year, Ether Square may have a similar trend from the current level of $300 to $10,000. This is because bitcoin has grown by approximately 3,300% from September 2017 to December 17, 2017.

Once ethereum pumps to the assumed level of $10,000, we may see bitcoin decline in bitcoin value after trading began in 12 last year. If ethereum will drop later, it will have a higher level, about $2,000. Another aspect of the debate is that due to the planned CBOE ethereum futures contract, the expected excitement around ethereum may not be as great as last year's bitcoin. This is because there are many trading platforms that have already provided ethereum futures contracts.

First, the plant has been offering futures contracts in five major cryptocurrencies, bitcoin, ethereum, bitcoin, litecoin and ripple. Due to the above five cryptocurrencies and futures contracts for cardano, eos and tron, BitMEX has also been booming recently. In addition to the encryption facility, all other futures contracts on eth coin are only available on crypto exchanges rather than traditional markets. Through the ethereum futures contract of the Chicago Board Options Exchange, the second cryptocurrency received much-needed attention from Wall Street, further proving that it is a viable investment option.

Danny Kim, head of growth at SFOX, said this to Ethereum futures: "Cboe's products will enable crypto-traders to make long and short positions in ethernet, a new step-by-step asset class. With this, I believe that new investment opportunities will be removed from the bearish market and reverse the new bull market. "Chris Concannon, president of the Chicago Board Options Exchange, added that this may be a possible way to support ETFs through ethereum: "We take ETFs The form begins this path. A healthy ethereum market is a healthy underlying market, a derivatives market and an ETF. It takes time."

According to sources, the Chicago Board Options Exchange will be based on Gemini's underlying market. The Chicago Board Options Exchange also bases its bitcoin futures on the Gemini exchange in New York and is owned by Winklevoss twins.

The Commodity Futures Trading Commission is conducting a due diligence on the product before trading on it. On the other hand, the US Securities and Exchange Commission did not violate ethereum futures in any securities law that further validates cryptocurrencies and futures contracts. If you want to know more ethereum news, please do follow me.