ErisX Launches First US Regulated Ethereum Futures The Chicago-based crypto derivatives exchange ErisX this Monday announced the launch of the first US Ethereum futures. Futures are available for trading from today, are based on the Ether / USD pair and are designed to be settled on a monthly or quarterly basis. Futures are deliverable, that is, they allow you to receive settlements on the air, and not in fiat equivalent.

ErisX Launches First US Regulated Ethereum Futures

Chicago-based crypto-derivatives exchange ErisX this Monday announced the launch of the first US Ethereum futures. Futures are available for trading from today, are based on the Ether / USD pair and are designed to be settled on a monthly or quarterly basis.. Futures are deliverable, that is, they allow you to receive settlements on the air, and not in fiat equivalent.

"Ethereum has gained real functionality and use among real people, firms and governments, and its structure has a lot in common with existing commodity markets," the company said..

Previously, there were no formal ether-based derivatives in the United States, primarily due to the undefined legal status. second largest cryptocurrencies in the eyes of regulators. However, Chairman of the US Commodity Futures Trading Commission (CFTC) Heath Tarbert in October Of 2019 expressed the opinion that such tools will appear within the next six months.

“We have clearly stated, what bitcoin Is an exchange commodity. But we haven't said anything about Ethereum until this time. My opinion as a chairman is that ether is a commodity, ”he said then.

In today's notice, ErisX emphasizes that its futures market is “regulated under the jurisdiction of the CFTC”. In December 2019, the company launched its own bitcoin futures.

On last week ErisX got a license Department financial services New York State required to serve traders in the region. She also supports bitcoin trading, Bitcoin Cash, Ethereum and Litecoin against the US dollar in the spot market. The company was founded in 2017 year and to date has attracted $ 47.5 million in funding.

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