In July 2019, we already reported that ErisX received official approval from the Commodity Futures Trading Commission (CTFC) for trading covered Bitcoin futures. Less than a year later, on the day of the bitcoin halving, the first covered Ethereum futures in the United States were now approved.
ETH Future contracts expire monthly or quarterly
ErisX is a digital exchange for trading digital assets, which was founded in 2010. In a medium article, the company announced that it received the green light for ETH futures less than a year after the Bitcoin futures were approved. At that time, it was already clear that further cryptocurrencies would follow Bitcoin (BTC) – with Ethereum (ETH) this is the time. Trading in the futures contracts is possible from today, May 11, 2020.
ETH as the second largest cryptocurrency in the world
The cryptocurrency Ethereum (ETH) was developed by Vitalik Buterin in 2013 and published in 2015. Especially in 2017, Ethereum experienced a huge increase because a large part of the cryptocurrencies created in the boom were based on Ethereum. This leads to a high demand for ETH tokens and the corresponding course explosion.