Cryptocurrency

The first futures of Ethereum are on the market

Future performance of Ethereum will be marketed by the Crypto Facilities Crypto Facilities platform.

In particular, following the bitcoin futures course issued by British CryptoFacilities in 2015 and XRP contracts in 2016, the company regulated by the Financial Behavior Authority in the United Kingdom will begin trading on the futures of Ethereum today.

But this first Ethereum futures deal is likely to affect more than the startup supported by the Digital Currency Group, String Ventures and many others. Crypto Facilities also provided support to the CME Group when it launched its own bitcoin futures last year.

Since several bureaus, including Cboe, are engaged in futures trading, Ethereum‘s futures prove the increasingly mature status of digital assets, according to Timo Schlaefer, founder and CEO of Crypto Facilities.

“Bitcoin has gone through a ripening process as a financial asset with a futures market last year,” he said. “And Ethereum is following a similar course this year.”

Chicago-based Akuna Capital will provide liquidity for the Ethereum futures of Crypto Facilities and expects to see this much-needed product fill a gap in the market.

Toby Allen, head of Akuna Capital’s digital assets, explained the importance of the new investment vehicle with a statement: “The addition of a futures contract allows traders of cryptos to have both long and short positions in ethereum and is another giant jump in front for the cryptobodies “.