Commodity Futures Trading Commission Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020.
Speaking at Georgetown University in a fireside chat during the first day of DC Fintech Week, Tarbert told moderator Chris Brummer that he "Absolutely" believes ether futures could trade in the next six to 12 months.
"I'd say it is likely that you would see a futures contract in the next six months to a year," he told Brummer, though he cautioned that simply launching a futures contract isn't the be-all and end-all.
Tarbert first declared ether a commodity earlier this month, announcing that his agency would be willing to approve futures contracts on the world's second-largest cryptocurrency by market capitalization.
It remains unclear who might actually be interested in offering ether futures contracts to the U.S. market.
Spokespeople for Cboe and the Intercontinental Exchange - which offer or offered bitcoin futures contracts - did not immediately return requests for comment.
"Right now, we are focused on bringing options on CME bitcoin futures to market in Q1 2020 and continuing to grow our CME CF Reference Rates and Real-Time Indices," the spokesperson said.
On the CFTC's side, approving an ether futures product will depend on the application itself, Tarbert said.
The process would be similar to approving bitcoin futures contracts.
In the U.K., Kraken Futures offers residents access to bitcoin cash, litecoin and XRP futures contracts, all of which have grown in popularity after the U.S.-based Kraken acquired the company.
CFTC Chair Says Ether Futures 'Likely' in 2020
Publicado en Oct 21, 2019
by Coindesk | Publicado en Coinage
Hackathon winner Sheetcoin offers an Ethereum wallet on Google Sheets
The winner of this year's Ethereum hackathon, Sheetcoin, is a bold project that turned Google Sheets into an Ethereum wallet, enabling users to send ERC20 tokens to any Gmail address directly from their browser.
Bitfinex Looks to Launch Options Trading As Soon As Q1 2020
According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products.
Study: Chinese Blockchain Spending to Exceed $2B by 2023
China's spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10.
As Regulators Stonewall Libra, Facebook Rolls Out New Payment System
As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay.Empower people everywhere to buy and sell things onlineOn Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate payments across Facebook, Messenger, Instagram, and WhatsApp.