Company providing services in the field of digital assets, Crypto Facilities launches futures contracts on Ethereum.
This is the first time ethereum futures will appear on an adjustable platform. According to the company, investors can take both short and long positions, and this tool will allow them “to expand investment opportunities and more effectively manage risk”.
Chief Executive officer, Crypto Facilities Timo Shlafer said that Ethereum is the second level of liquidity to the cryptocurrency after bitcoin daily trading volume in excess of “billions of dollars”.
We are glad that we launched the ETH futures. Network is a leading bloccano ethereum for smart contracts, and we believe that this new shopping tool will attract more investors and bring greater liquidity to the market.
The company will work with liquidity providers Akuna Capital B2C2 and to support their contracts. Head of digital assets Akuna, Toby Allen said that his firm “looks forward to this much needed product will fill a gap in the market”.
The emergence of futures contracts on an Ethereum – “another giant leap in the development of a class of crypto-currency assets,” he added.
Founder B2C2 Max Boonen similarly called the move a “natural next step” for ethereum.
The continuing evolution and commoditization that we see in ethereum, will further enhance the liquidity in the market. We look forward to again this new tool.
Crypto Facilities already offers futures contracts on Bitcoin and XRP.