Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little curiosity from the marketplace for
Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little curiosity from the marketplace for its physically-settled futures.
ErisX CEO Thomas Chippas stated the corporate had launched physically-settled futures considering that merchants can be excited about buying and selling spot bitcoin with the safety of a futures alternate and a futures clearinghouse. Money-settled contracts don’t require the supply of bitcoin like physically-settled contracts, permitting buyers who can’t contact bitcoin to nonetheless revenue off of it.
Bodily-settled futures gained’t develop into extra fashionable till the alternate can provide physically-traded futures on margin, Chippas stated. ErisX is working with the U.S. Commodity Futures Buying and selling Fee (CFTC) to permit the alternate to supply margin sooner or later.
Within the meantime, the alternate is launching cash-settled bounded futures, which offer higher and decrease bounds on good points and losses, defending buyers from giant worth actions
Final month, ErisX obtained CFTC approval to supply further buying and selling providers.