ErisX Launches the First US-based Physically-settled Ether (ETH) Futures Contracts
Ethereum (ETH) Futures Contracts
The Chicago-based crypto derivative exchange ErisX has launched the first-ever physically-settled Ether futures contracts in the United States. According to a blog post published on Monday, May 11, the crypto exchange said that future contracts are now available for trading starting from today.
ETH futures have monthly and quarterly expirations
In the blog post, the crypto exchange further gives more details about the Ether (ETH) futures contracts and says that ETH futures contracts are actually based on ETH-USD and have their monthly and quarterly expirations. The contracts are accessible to institutional investors. Before ErisX’s announcement, the trading of the physically-settled ether futures contracts was not available in the United States but now the crypto exchange ErisX has given users a great opportunity to trade ETH futures contracts in the US.
As the blog post reads:
“Starting today individual and institutional investors can access physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations. The ErisX futures exchange trades alongside the ErisX spot market on a unified and innovative platform enabling price transparency and collateral efficiencies.”
‘Ethereum has genuine functionality’ claims ErisX
It is a major expansion for the Ethereum ecosystem as it enters into another major market. ErisX says in the blog post that it is bringing the critical infrastructure of regulated and transparent financial markets to the benefits of the Ethereum network. Furthermore, the crypto exchange openly acclaims that Ethereum has real functionality. ErisX states:
“Ethereum has genuine functionality and use cases with real people, firms and governments using the network, and it’s structure has many similarities with existing commodity markets. ErisX has taken precedents and standards already in existence from established capital markets to offer secure, transparent, and innovative access to Ether.”
This news has come a few days after the crypto derivatives exchange ErisX gained a cryptocurrency license known as “BitLicense” from the New York Department of Financial Services (NYDFS) to start offering trading services to the New York users.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.
