ethereum futures trading cboe

Given the gravity of yesterday's news regarding the SEC clarifying “Ethereum is not a Security“, the CBOE Global Markets has had some quick responses regarding the potential of opening up Ethereum Futures.

While nothing is absolute or final yet, the air does appear to have been cleared in regards and respect to the SEC's positioning on Ethereum's native token and currency, Ether (ETH).

Yesterday the entire crypto-universe was on fire and had their twitter fingers going crazy, after news broke about William Hinman’s, the SEC’s director of corporate finance, announcement concerning Ethereum not being classified as a security in today's climate (although might have been when first launched back in 2014).

His exact statement regarding this was, “the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.” Further adding, “if there is a centralized third party, along with purchasers with an expectation of a return, than it is likely a security… The key here of course being that Ether is decentralized.”

Based on his comprehension of the technology and how it operates, he declaimed that the current offers and sales of Ethereum are not securities transactions. While this is not an official statement from the SEC itself, it is a huge breakthrough in what the community is trying to understand. We now have clarity on one of the most pressing issues this space has experienced.

Today, as a result of yesterday’s discussion, Chris Concannon, the president and COO of the CBOE, said: “The CBOE is pleased with the SEC’s decision to provide clarity around the issue [whether ETH is a security].” He went further by saying: “This announcement clears a key stumbling block for ether futures, the case for which we've been considering since we launched the first bitcoin futures in December 2017.”

Here are a few key points made on twitter regarding the Ether Futures possibility:

Overall, with less ambiguity present regarding the digital asset [Ethereum], it appears we have inched closer to the CBOE offering Ethereum futures. As more information is uncovered on this topic, we will ensure to inform you all.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $193.43B $10,880.5416 2.65% $7.98B
ETH $32.86B $308.1701 -0.12% $2.81B
XRP $19.77B $0.4651 -1.01% $702.42M
BCH $8.41B $471.2558 -2.26% $333.18M
LTC $8.4B $134.7389 -3.50% $919.08M
EOS $6.61B $7.1803 -1.88% $851.62M
BNB $5.21B $36.9317 -1.89% $231.79M
BSV $4.24B $237.4352 0.03% $190.53M
USDT $3.51B $0.9944 0.22% $7.18B
TRX $2.57B $0.0386 4.87% $416.36M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.