Shortly after the US Federal Reserve Board decided to keep short-term interest rates at 0–0.25%, the CBOE’s European dollar options trader released the signal.
As the first exchange to introduce Bitcoin options, CBOE is once again the first exchange to eat crabs and will soon launch the Eth coin options.
According to informed sources, the exchange is awaiting further certification by the CFTC.
The launch of Ether Futures marks an important step towards ETH’s maturity as it opens the door for a wider range of encrypted transactions and even BTC ETFs.
According to people familiar with the matter, Cboe Global Markets (Cboe) is the first exchange to introduce Bitcoin options, and now the company says it is about to launch futures with the second-largest cryptocurrency Ethereum. It is said that the product may be launched at the end of 2018.
Futures provide investors with a way to bet on the future price of assets, helping to push Bitcoin to record highs by the end of December. Since the launch in December last year, the future market for Bitcoin, including the Chicago Board Options Exchange (Cboe) and the Chicago Mercantile Exchange (CME), has been relatively weak. Still, the launch of Ether Futures will mark an important step in the maturity of Ethereum as it may open the door for encrypted transactions and possible Bitcoin currency ETFs.
According to people familiar with the matter, Cboe will build the future of Ether Futures in the Gemini market, and it will also build the Bitcoin ETF on the New York crypto-exchange operated by Winklevoss twins. In addition, the products of the Futures and Options Exchange will wait for the Commodity Futures Trading Commission to affirm the products before they are officially launched.
In June of this year, a director of the US Securities and Exchange Commission (SEC) specifically pointed out that the agency did not believe that ETH transactions violated securities laws, which bodes well for Cboe. Because the ruling of securities not long ago will bring a fatal blow to the ETH’s trading at the regulatory level, but fortunately the ether has escaped.
Chris Concannon, president of Cboe, previously hinted at other products related to the encryption market. Concannon said in December 2017 that as the market matures, a range of cryptocurrency products, including ETH and BCH futures, can be realized.
“We started this path in the form of ETFs,” he said. “A healthy market is a healthy underlying market, derivatives market and ETF. It takes time.”
At the same time, Terry Duffy, the chief executive of rival CME Group, said that ethereum future trading will not be online on other exchanges for a short time. Tamiflu told Bloomberg in July this year: “For now, I will take a wait-and-see attitude towards Bitcoin.”
Bats Global Markets, which was acquired by Cboe earlier this year, tried to list it from the hands of Winklevoss twins, but regulators rejected the attempt twice.
So, what will ETH price go with this?