Chicago-based goods giants Cboe and CME Group are searching for Ethereum cryptocurrency in a number of different ways with a market value of $ 49.6 billion. The problem is that, by the last week, US regulatory uncertainty was preventing them from taking a significant step.While the Ethereum futures contracts contract, which bet the owners for and against cryptocurrency, are already doing business in the UK, it is doubtful that the US Securities and Exchange Commission (SEC) Whether it would classify or not, the issue of concern for both the exchanges and many others was industry.
Both the Cboe and the CME Group are doing Bitcoin futures trading since last year, following guidance, Bitcoin was classified as an item and it was completely abandoned in the Chicago Giants domain. But with the specific opportunity of ether, which was bought by relatively young people, security can be understood, companies were one of the countless other people who were slowly producing related products in the background, while the extra Clarity was awaited. Then, on the forum last week, SEC director William Hinman said ten magic words that brought clarity and cryptocurrency teased the world more: "The present offer and sale securities transaction of ether is not there."
Cboe president Chris Concannon was flying from Chicago when he heard the news and told Forbes that he had called the Director of Communications for the debate on the first thing media requests. In the end, he was waiting for his team, and it was time to do this work. Concannon said to Forbes, "We are considering futures for Ethereum for a while." "This clearly protects the complexity of ether, and it definitely cleans a way to launch a future on ether."
While Consanan was not able to talk publicly that $ 15.6 billion is preparing to actively launch the etherium futures, he says that the exchange wanted to do this because he had started searching for the first cryptocurrency To help the process jump, the US $ 22.95% market share in the US In the biggest option and forward exchange, Cboe formed a special partnership with New York-based Gemini Trust Company, Tyler and Cameron Winklawus last year. Using Bitcoin Market Data of Gemini for Bitcoin Derivatives and Indexes, Cboe uses the U.S. data market in December 2017. Launched the first Bitcoin Futures (XBT) contract, and since then, according to the company's documents, it has traded 680,000 contracts with an estimated value of $ 6.85 billion.
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