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.”
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.ErisX has got a license by the Commodity Futures Trading Commission (CFDC) to offer the future contracts on its platform. CFDC’s approval confirms Ethereum as a commodity and not a security token.
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CBW - External Analyst