Crypto Facilities to Add Ether (ETH) Futures to Their Platform
Crypto Facilities is a cryptocurrency derivatives exchange, and they announced that they will be launching the futures for Ethereum on May 11th, 2018. Consumers can expect the derivatives contracts to start at 4:00pm (UK time), and this will be the first time that a regulated firm makes ETH futures available.
By making the change, investors can have a long or short investment in cryptocurrency, which helps them to manage their risks and profits with a more customizable approach. The contract will also impact the flexibility that users have with Bitcoin and Ripple futures.
The CEO of Crypto Facilities, Timo Schlafer, released the following statement for the press on this issue:
“The Ethereum network is the pre-eminent blockchain for smart contracts, and we believe this new trading instrument will attract more investors and bring greater liquidity to the marketplace.”
Crypto Facilities is directed towards professionals, though the platform also supports offering individuals and institutions regulated. Participants in the network have the opportunity to trade at any time of day on any day of the week, offering the CME CF Bitcoin Reference Rate to CME group. This rate is the complete source of power between the Bitcoin futures controlled by CME Group.
Akuna Capital is also impacted by the change to the Crypto Facilities brand. Toby Allen, the Head of Digital Assets with Akuna Capital, expressed his excitement for his company’s role in the ETH futures, and sees it as the solution for “a gap in the market.”
He goes on to say that “the addition of a futures product enables crypto traders to take both long and short positions in ETH,” which is one of the many benefits that Crypto Facilities has expressed too.