Cboe Reportedly Close to Launching Ethereum Futures

News and Analysis

Cboe Global Markets, which in December last year made Bitcoin futures available for trading on the Cboe Futures Exchange (CFE), is now preparing to launch Ethereum (ETH) futures.

According to a report by Business Insider, Cboe “is telling market makers it is close to rolling out futures for ether, the second-largest cryptocurrency by market capitalization.” People familiar with the matter claim that this new product will be based on Gemini’s underlying Ethereum market and may launch as soon as Q4 2018.

In December 2017, Cboe president Chris Concannon hinted at the expansion of cryptocurrency-based futures, including those for Bitcoin Cash and Ethereum.

“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,” he said back then.

As of 9 AM UTC on Friday, August 31, ETH was changing hands at $280, down 0.62% over the past 24 hours. The cryptocurrency has a market cap of $28.521B with a 24 hour volume of $1.522B.

On Monday, August 13, Ethereum fell below $300 for the first time in 2018.

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