Ethereum Futures contracts is getting launched by Digital asset trading service Crypto facilities and will go Live on UK Trading Platform announced on Friday.
The crypto currency that functions ethereum block chain is going trade on a regulated platform and for the first time, the U.K. startup will proclaim the ether on the platform.
According to the another firm “Investors will be able to take long or short positions, which will let them broaden investment opportunities and manage risks more effectively,”
They stated in their statement about the new coin offerings, and a well known Crypto Facilities chief executive Timo Schlaefer says that ether is the second-most liquid crypto currency after bitcoin, with the increment of their daily trading volume in “billions of dollars”
“We are excited to be launching ETH futures. The ethereum network is the pre-eminent block chain for smart contracts, and we believe this new trading instrument will attract more investors and bring greater liquidity to the marketplace.”
He said in his statement that the company will work with the liquidity providers Akuna’s head of digital assets, Tony Allen.
The company will work with liquidity providers Akuna Capital and B2C2 to help back its contracts. Akuna’s head of digital assets, Toby Allen, said in a statement that his firm was
He says that his “company is looking forward to seeing this much-needed product fill a gap in the market. The creation of an ethereum futures contract is an another giant leap in the development of the crypto asset class,”
Similarly, Max Boonen founder of B2C2 called a move “a natural next step” for ethereum’s token.
“The continuing evolution and commoditization we’re seeing in ethereum will further increase liquidity in the marketplace, enabling participants to exchange assets seamlessly and unlock value. We look forward to providing liquidity for this new product,” he said.
Crypto facilities are already offering bitcoin and XRP future contracts as this not the first touch of startups with future products. In addition the CME Group, which is a Chicago-based exchange, uses to offer bitcoin future contracts.