ErisX Platform Launches Ether Futures Contracts first time in the US


Chicago based Digital Assets Platform ErisX
has launched the ETH Futures Contracts for the very first time in the US on its
platform. ErisX is a regulated platform which is supported by the TD Ameritrade
Holding Corporation.
Along with its other products, ErisX has
been approved to trade Ether Futures contracts as well on its platform. The
investors coveting to invest in the ETH Future products will have to settle
their contracts physically which means that they will get actual Ether
equivalent of fiat amount.
On May 11, the company confirmed the
ETH-USD Futures contracts will be available on its platform for the individual
as well as institutional investors. Investors can now buy and sell the futures
contracts on the ErisX platform that will be available on a quarterly and
monthly basis.
Thomas Chippas, CEO of ErisX said,” 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 future contracts.”
He further said, “Our contract sizes are
accessible for any investor while our technology stack and regulatory framework
meet institutional expectations.”
About ErisX
ErisX is a Chicago based innovative
platform that is backed by the world’s largest trading firms and financial
institutions. It has been registered and approved as a derivatives clearing
organization (DCO) in July 2019.
ErisX currently offers a live spot market
for Bitcoin, Bitcoin Cash, Litecoin, and Ether and regulated Future market for
physically delivered Ether Futures and Bitcoin.
Disclaimer
The information
provided through the above Content is for informational purposes only. The
Content is not intended to be, and does not, constitute financial advice or any
other advice. You should consult with a financial professional to determine
what may be best for your individual needs. We do not make any guarantee or
other promise as to any results that may be obtained using our Content. To the maximum
extent permitted by law, we disclaim any and all liability in the event any
information, commentary, analysis, opinions, advice and/or recommendations
prove to be inaccurate, incomplete or unreliable or result in any investment or
other losses.

Jayashree Ingle
CBW - External Analyst
INDIA