{"id":8647,"date":"2018-09-09T00:00:00","date_gmt":"2018-09-09T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/09\/ether-futures-could-become-a-reality-soon\/"},"modified":"2018-09-09T00:00:00","modified_gmt":"2018-09-09T00:00:00","slug":"ether-futures-could-become-a-reality-soon","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ether-futures-could-become-a-reality-soon\/","title":{"rendered":"Ether Futures Could Become A Reality Soon"},"content":{"rendered":"
The United States Securities and Exchange Commission recently declared that Ethereum<\/a> <\/strong>is not a security effectively paving the way for ether to launch its futures<\/span><\/span>, the internal currency of the platform to be considered in the derivative market.<\/p>\n There are indications that the Chicago Board Options Exchange (CBOE), the platform that first launched Bitcoin futures in December is evaluating the possibility of an ether options by the end of the year.<\/strong> CBOE is now waiting for a go ahead approval from the Commodities Futures Trading Commission (CFTC), the agency in charge of the derivative market.<\/p>\n A spokesman for the CBOE stated that the ether contract will also be based on Gemini, the exchange on which its bitcoin contracts run.<\/p>\n Chris Concannon, the CBOE president expressed delight that the company is closer to launching ether option with the clarity provided by SEC on Ethereum. According to him:<\/p>\n \u201cWe are pleased with the SEC\u2019s 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\u2019ve been considering since we launched the first Bitcoin futures in December 2017.\u201d<\/em><\/p>\n