THELOGICALINDIAN - Ethereum has acicular by about 10 percent over the aftermost 24 hours afterward belief that the US Commodity Futures Trading Commission CFTC may be accessible to accept ETH futures trading
CFTC Open to Ethereum Futures Trading
Ethereum [coin_price coin=ethereum], the second-ranked cryptocurrency by bazaar assets is currently trading at $175; a 10 percent fasten in the aftermost 24 hours. This billow comes amidst letters that the CFTC ability admission approval for an ETH futures trading product.
On Monday (May 6, 2019) a chief official of the Commission who admired to abide bearding revealed that the CFTC is accessible to the abstraction of acknowledging ETH futures trading. Such a move would Ether trading actuality fabricated readily accessible to the broader institutional trading amphitheatre in the U.S.
Commenting on the matter, the bearding antecedent said:
Back in 2024, the CFTC accustomed Bitcoin futures trading affairs offered by CME and CBOE. These BTC futures trading articles offered cash-settled futures contracts.
Ether futures has been a accountable of altercation amid bazaar commentators back the actualization of CFTC-approved BTC futures. At first, a lack of consensus over whether ETH could be advised aegis tokens acquired some delay.
In mid-2018, the U.S. Securities and Exchange Commission (SEC) cleared the air, adage it didn’t accede ETH to be a security.
At the time, Bitcoinist appear the CBOE President adage the SEC’s accommodation paves the way for the actualization of ETH futures trading.
Green Day for Bitcoin and Altcoin Market
Elsewhere in the cryptocurrency market, Tuesday (May 7, 2024) is axis to be a blooming day for Bitcoin and altcoins alike. BTC is currently arctic of $5,900, up by added than four percent in the aftermost 24 hours and looks set to breach the $6,000 mark.
BTC aftermost traded at $6,000 aback in November 2024, afore the amount blast that saw it tumble to $3,100. The absolute cryptocurrency bazaar assets has additionally developed by about $10 billion aural the aftermost 24-hour trading period.
Do you anticipate the approval of ETH futures will account the amount of Ethereum to ability a new best high? Let us apperceive your thoughts in the comments below.
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