Published
5 years ago on
September 26, 2018
“LedgerX has an Ethereum options product which is ready to go live. The trading firm is currently awaiting approval from the Commodities Futures and Trading Commission (CFTC) before it can be made officially available. Apparently the approval could come after an October 5th meeting according to the report.â€LedgerX was founded by Paul Chou, a former Goldman Sachs trader in 2012. Since this time, LedgerX have dealt with hedge funds and have worked to inspire institutional investment in cryptocurrencies. The roll out of an Ethereum Futures contract is one way that this institutional investment can be encouraged further. LedgerX aren’t the only firm exploring this space According to Ethereum World News, there are numerous Ethereum Futures products in the pipeline:
“More Ethereum futures products are in the pipeline from CBOE however they have also stalled at the CFTC hurdle which is dragging its feet on decision making. Earlier this month the Chicago based exchange announced that Ethereum products were ready but they were still waiting for the CFTC to familiarize themselves with them.â€What impact will this have on Ethereum? The launch of an Ethereum Futures product will pump the price of Ethereum. It will encourage excitement on a ground level and will force a new wave of investment into Ethereum by institutions who are able to spend a lot of money. It’s great news for Ethereum as a cryptocurrency and even better news for those investors who bought in early. Whilst it is still early days for Ethereum Futures, products launched by LedgerX and others could in turn become bigger and far more attractive than the Bitcoin Futures contracts that are set to be launched by Bakkt. References Ethereum World News
