CME Approaches Ether Futures Launch
CME Group Inc. created a base for launching ether futures, showing that she is ready to consider not only bitcoin in her activities.
The company said Monday it is launching two new ETH-linked indices, including daily price tracking. They are similar to a pair of BTC indices that CME unveiled at the end of 2016. This subsequently became the basis for their bitcoin futures, which were launched a year later..
The exchange has not yet announced plans for new trading instruments related to ether. This is due to the fact that US regulators are still considering whether the ETH should be considered a security. The final decision could have a significant impact not only on the virtual currency, but also on the activities of cryptocurrency exchanges such as Coinbase and Gemini. In addition, this will have implications for any derivative trading instruments..
Until the SEC makes a decision, exchanges are in no hurry to add futures or ETH to the list of available assets. Recall that earlier the New York Stock Exchange refused to add ether to the cryptocurrency trading platform under development..
ETH Futures to Launch on CME, What Happens Now?
text: Ivan Malichenko, photo: Getty images