As reported by Business Insider, CBOE Global Markets, the company that owns the Chicago Board options exchange (CBOE) and one of the world’s largest exchange holding companies, plans to launch futures on Ethereum (ETH).
Citing sources familiar with the situation, Business Insider reports that the Global Markets CBOE intends to launch ETH-futures by the end of 2018. ETH-futures the CBOE are based on underlying market cryptocurrency exchanges Gemini; bitcoin fchersy companies also rely on the company the Winklevoss twins.
The CBOE launched futures on BTC in December last year. Futures represent an agreement to buy and sell the asset at a specified future date at a certain price and allow investors to speculate on the BTC price without actually owning bitcoin.
Business Insider writes that the CBOE is awaiting the decision of the Commission on futures trading in commodities (CFTC) to officially announce the launch of a new project.
Other large financial regulator of the United States, the Commission on securities and exchange Commission (SEC) in June stated that Ethereum is not a security. The CBOE Global Markets President Chris Concannon then stated:
This statement is the key to run Ethereum futures. We examined this question after the launch of futures on bitcoin.
Last month Chicago Mercantile exchange (CME) released a report on average daily volume of trading of bitcoin futures, from which it became clear that the volume of these assets increased by 93%. CME also stated that the number of open contracts on futures BTC exceeded 2,400, which is 58% more than in the first quarter.