Ethereum Futures Go Live on UK Trading Platform

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Digital asset trading service Crypto Facilities is launching ethereum futures contracts.

Announced Friday, the U.K. startup claims the news marks the first time futures for etherthe cryptocurrency that powers the ethereum blockchainwill be traded on a regulated platform. Investors will be able to take long or short positions, which will let thembroaden investment opportunities and manage risks more effectively,” according to the firm.

In a statement discussing the new offering, Crypto Facilities chief executive Timo Schlaefer noted that ether is the second-most liquid cryptocurrency after bitcoin, with a daily trading volume in the excess ofbillions of dollars.

Schlaefer added:

We are excited to be launching ETH futures. The ethereum network is the pre-eminent blockchain for smart contracts, and we believe this new trading instrument will attract more investors and bring greater liquidity to the marketplace.

The company will work with liquidity providers Akuna Capital and B2C2 to help back its contracts. Akuna’s head of digital assets, Toby Allen, said in a statement that his firm waslooking forward to seeing this much-needed product fill a gap in the market.

The creation of an ethereum futures contract isanother giant leap in the development of the crypto asset class,” მან დაამატა.

B2C2 founder Max Boonen similarly called the movea natural next stepfor ethereum’s token.

The continuing evolution and commoditization we’re seeing in ethereum will further increase liquidity in the marketplace, enabling participants to exchange assets seamlessly and unlock value. We look forward to providing liquidity for this new product,” მან თქვა.

Stepping back, this is not the startup’s first touch with futures products. Crypto Facilities already offers bitcoin and XRP futures contracts, as previously reported by CoinDesk.

უფრო მეტიც, the firm provides CME Group with the CME CF Bitcoin Reference Rate, which the Chicago-based exchange uses to offer its bitcoin futures contracts.

Ethereum სურათი მეშვეობით Shutterstock

ლიდერი blockchain news, CoinDesk არის მედიასაშუალება, რომელიც ცდილობს უმაღლესი ჟურნალისტური სტანდარტებისა და იცავს მიერ მკაცრი სარედაქციო პოლიტიკა. CoinDesk დამოუკიდებელი ოპერაციული შვილობილი ციფრული ვალუტა Group, რომელიც ინვესტირებას cryptocurrencies და blockchain startups.

https://www.coindesk.com/ethereum-futures-go-live-uk-trading-platform/

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