ErisX, a United States-based cryptocurrency exchange, will be the first in the country to bring out Ether physically settled futures contracts, a press release from the platform notes.
Essentially, those who are interested can fill out Ether contracts via the platform’s central limit order book. It will also provide block trading, the post reads.
Speaking on the matter is Thomas Chippas, the CEO of ErisX, who says:
“We strongly believe that the Ethereum blockchain community and broader capital markets benefit from access to regulated products and we are pleased to be the first U.S. exchange to offer these futures contracts. Our contract sizes are accessible for any investor while our technology stack and regulatory framework meet institutional expectations.”
As you may know, the platform already offers Bitcoin futures, and will be using that platform to expand into Ether futures.
In recent news, as InsideBitcoins has previously reported on, ErisX recently became the 25th group to receive the coveted BitLicense in New York. This makes it one of a limited group of platforms that can offer its services to those in the state.
As for the Ether futures, the Founder of ConsenSys and investor in ErisX, Joseph Lubin, commented on the matter:
“We are proud to support ErisX as they leverage existing precedents and standards to meet market demands for a secure, transparent, compliant and sophisticated Ether futures product.”