CBOE Global Markets president Chris Concannon said that Ethereum futures, which the company has been "Considering" since December 2017, could soon be offered, Bloomberg reported Thursday, June 14.Concannon's comment follows the news that a senior U.S. Securities and Exchange Commission official stated that leading altcoin Ethereum will not be regulated as a security.
"We are pleased with the SEC's decision to provide clarity with respect to current Ether transactions. This announcement clears a key stumbling block for Ether futures, the case for which we've been considering since we launched the first Bitcoin futures in December 2017.".
CBOE's December launch of Bitcoin futures sparked a large rally for the cryptocurrency - whose price at the time on Dec. 10 rose from around $15,000 to around $16,800 - bringing so much trading volume to the site that it temporarily went down.
The first futures contract expired on Jan. 17 at a price of around $10,900, making it a win for bears.
Bitcoin futures were in the news this week for other reasons, as Fundstrat's Tom Lee pointed to their contract expiration as a possible reason for Bitcoin's recently sinking price.
Bitcoin is currently trading for around $6,541, down a little more than 1 percent over a 24 hour period to press time.
CBOE President: SEC Decision That Ethereum Is Not a Security Paves Way for ETH Futures
gepubliceerd op Jun 15, 2018
by Cointele | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.