LedgerX Crypto Derivatives Trading Platform Plans For Ether Futures Release After Green Light from Regulators

In a market that continues its expansion, traders might soon have a new way to trade ether (ETH). The cryptocurrency trading platform LedgerX could soon release to the market an options product that is tied to Ether. The information has been released by sources familiar with the firm’s business during a conversation with The Block.

Nonetheless, the company is currently waiting green light from regulators such as the Commodities Futures and Trading Commission (CFTC). If the regulatory agency feels comfortable with this investment service, it would be possible to have a new way to invest in Ether.

Paul Chou is the founder of LedgerX, which was launched back in 2012. The firm has contacts with billion-dollar hedge funds, family offices, and other institutional investors.

With the new product that the company is planning to launch, investors would be able to hedge a bet in a specific underlying market. Ether could also become an interesting investment for asset-managers or traders, something that could be very positive for cryptocurrencies.

CBOE Global Markets has been operating bitcoin futures since the end of the last year. After the launch of Bitcoin futures, Bitcoin price skyrocketed up to $20,000 dollars. Since then, the price has reached $5,800 dollars.

Business Insider has also reported that the exchange said to market-making firms that its product was ready to be launched and that they were waiting for regulators to approve the different products.

At the same time, back in December, CBOE’s president, Chris Concannon explained that the company was searching to expand its cryptocurrency products and include Ether and Bitcoin Cash (BCH).

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