Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
CBOE could launch Ethereum (ETH) futures by the end of 2018 if US regulators approve its product, anonymous sources told Business Insider August 30.
âGetting Comfortableâ
CBOE, which launched pioneering Bitcoin futures in December last year, is currently waiting while the Commodity Futures Trading Commission (CFTC) to âget comfortable with the product before its official launch,â the publication reported citing âpeople familiar with the matter.â
The news comes amid a continued downturn in ETHâs fortunes, with Ethereum price 00 battling lows not seen for almost a year.
Should the rumored futures go ahead, they would use Geminiâs underlying market, the people continued, the setup mirroring CBOEâs Bitcoin setup, which also uses the Winklevoss twinsâ platform.
Since their launch, Bitcoin futures from both CBOE and CME Group have faced both mixed success and a mixed reception as the 2018 bear market across cryptocurrency continues to take its toll.
CME has no plans to roll out ETH futures, Business Insider added referencing CEO Terry Duffy last month.
Duffy had told Bloomberg that he would ânot just put products up there to see where theyâre going to go,â and that CME âwill take a wait and see approach with Bitcoin for now.â
Ethereum Markets Stay Flat
ETH price 00 is yet to react to the CBOE reports, continuing to trade below $300 while posting insignificant gains below 0.5 percent which match those of Bitcoin Friday.
The largest altcoin has faced scrutiny and a lack of confidence from multiple sources in recent months, Bitcoinist reporting last month on research which indicated the assetâs fortunes would not reverse in the short term.
Conversely, data from State of the DApps this week shows the most popular decentralized app on Ethereum currently has a daily active user base of around 2000 people. Previously, DApps had seen controversy of their own thanks to the overwhelming popularity of deliberate scam products.
What do you think about the possibility CBOE will launch Ethereum futures? Let us know in the comments below!
Images courtesy of Shutterstock, stateofthedapps.com
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.