Since it was granted a DCO by the Commodity Futures Trading Commission (CFTC) and offering digital asset futures trading in December, ErisX has expanded its offering to Ethereum. ErisX, the Chicago-based crypto exchange, has officially notified its members and participants that it will begin offering trading on Ether futures in the United States.
ErisX said individual and institutional investors can access futures contracts based on ETH-USD with monthly and quarterly expirations according to a company blog post on May 11.
The crypto exchange is scheduled to introduce standardized futures contracts regulated by the CFTC on its existing infrastructure. ErisX said speculators, miners, hedgers; and businesses running on Ethereum would benefit from the additional “investors, speculators, intermediaries, hedgers, miners/validators; and commercial users” as well as “more robust, liquid, and resilient markets.”
The extra offering by ErisX has been in the works for some time. This cryptocurrency exchange got its derivatives clearing organization license from the CFTC (Commodity Futures Trading Commission) in July 2019. That enabled digital asset futures contracts to be traded on its derivatives market.
ErisX started offering trading services on futures for digital currency products like Bitcoin in December. Now that the halving event has taken place; analysts now wait to see how it will affect traffic and trading on these exchanges.