Good day everyone!
I found out today that the Ethereum crypto currency became available for futures contracts. The initiator of the process was the company "CryptoFacilities" from the UK.
The first Ethereum futures launched by the regulated company will allow market participants to take short and long positions in the crypto currency, expand their investment opportunities and manage risks more effectively," CryptoFacilities reported.
The company has not yet disclosed the technical details of the launch.
The same company since 2015 provides the conclusion of the de-races on bitcoin and since 2016 - deals on XRP. "CryptoFacilities" is under the control of the British Office of Financial Supervision and at the end of 2017, it launched futures contracts for bitcoin at the capacity of the CME Group.
Bitcoin went through the ripening process as a financial asset with the launch of the futures market last year," said Timo Schlafer, founder and CEO of CryptoFacilities. "Ethereum is going the same way this year.
In the launch of futures, another player is involved - Akuna Capital from Chicago. This company is responsible for ensuring that the assets of the air are sold at a market price.
Toby Allen, head of Akuna Capital for digital assets, explained why it is important to launch this investment tool:
Adding a futures product will allow cryptotraders to take both short and long positions on ETH. This is another giant leap in the development of the class of crypto assets.
However, not everyone shares such bright forecasts. Representatives of the US federal reserve system believe that it was the launch of futures contracts for bitcoin that led to a collapse in its value. Because the derivative allowed to express distrust of the most famous crypto currency.
I hope such news will help to increase the performance of the crypto-currency market.
maybe that's true because Ethereum is good for long-term investing then I am sure if Ethereum can be profitable to invest especially in the long term we can get a good profit because ETH has good growth
