Exchange derivatives, CME will launch Ethereum futures on February 8 at 6 pm et. The exchange made the announcement in a tweet.
Based on the success of Bitcoin Futures, Ethereum Futures will also be effective. To provide confidence to the commercial strategy, the price will be based on a CME reference rate that extracts eth price data from the main exchanges of coinbase, Bitstamp, Gemini, Itbit and Kraken cryptocurrencies.
Ethereum Futures de CME was announced last year in December. The launch repeats a significant step for Ethereum. The list will help introduce new institutional investor participants to the second largest cryptocurrency.
Do not expect great interest outside the door
It could take some time to raise awareness on the programming side of the block chain and what the representatives of Ethereum for the future of open finances.
Like the launch of Bitcoin futures in December 2017, it does not wait for a large volume of Ethereum futures on day 1. Tok ~ 2 years for institutional investment to be on board in the future of money or digital gold. Similarly, for Ethereum, investors will take some time to understand the side of intelligent contracts of the block chain program and the future of open finance.
However, given the wide range of CME of the future participants of Bitcoin, the asset should soon gain traction as an easy way to access the second largest cryptocurrency and diversify cryptographic investment.