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When Entrepreneurs building on Ethereum started using it to mint fresh coins to crowdfund virtual money for their ventures, a novel funding mechanism called initial coin offerings, these class of investors should also know that the Ether has a different risk profile from Bitcoin, and its dominance is seen to be increasing in 2018.
There exists the essence of derivatives market for this cryptocurrency as well. Well, there has already been over-the-counter (OTC) market in place, ETH is not seen anymore as the “Bitcoin killer”, but rather as an alternative risk opportunity. Because of its ubiquity and liquidity, the ETH digital asset is often picked up by mainstream investors.
Hence, the UK-based CryptoFacilities is launching its ETH futures on this May 11th, after successfully launching Bitcoin and Ripple futures in 2015 and 2016.
Virtually, every term of the futures contract is negotiated, but this greatly reduces the liquidity of this futures contract. To increase liquidity and trading activity, organized exchanges standardized the terms of futures contracts.
The first Ethereum futures are to be offered by this UK firm, these instruments likely to facilitate crypto investors to take a long or short position in this cryptocurrency as a risk mitigating mechanism, and also consenting to expand investment opportunities.
The firm provides CME Group, the world’s largest derivatives exchange, with the CME CF Bitcoin Reference Rate that powers CME Group’s Bitcoin futures and it also renders derivatives offering services which currently includes Bitcoin and Ripple futures.
Timo Schlaefer, CEO of Crypto Facilities, mentioned: “Ether is the second most liquid cryptocurrency after Bitcoin, trading in the billions of dollars daily, and we are excited to be launching ETH futures. The Ethereum network is the pre-eminent blockchain for smart contracts, and we believe this new trading instrument will attract more investors and bring greater liquidity to the marketplace.”
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