Ether (ETH) Options Trading Is Rapidly Approaching


Ethereum (ETH) investors will soon have to combat a more complex investing landscape, as ether options and futures are rapidly approaching the market.

According to a recent report, LedgerX, the first CFTC-regulated cryptocurrency asset management platform to offer physically-settled Bitcoin derivatives, including options and swaps, has options products tied to ether prepped to hit the market.

Sources familiar with the LedgerX product state that regulators from the Commodities Futures and Trading Commission (CFTC) are planning to give their approval decision after an October 5 meeting.

LedgerX isn’t the only group with ether options ready to go live. The¬†Cboe, which notably launched the first fully-regulated bitcoin futures market last December, is reportedly telling market makers that it will soon launch an ether futures market

Similar to Ledger X, the Cboe is currently awaiting further clarification from the CFTC before fulling launching the futures product.

Initially, the launch of a Bitcoin futures market helped propel Bitcoin to above $19,000 before aiding in its rapid drop, some analysts view ether options as a big plus as they lower the barrier of entry for institutional investors. However, the effects are hard to determine as these products will undoubtedly add additional short-side pressure.

ETH is currently the 2nd largest constituent in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: LedgerX is ready to launch options for ether

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts