Connect with us

Bitcoin News

Report: Major European Derivatives Exchange to Launch Cryptocurrency Futures



Eurex, a Germany-based derivatives alternate operated through Deutsche Boerse, is reportedly making plans to release futures contracts tied to virtual property, monetary technologies-focused information outlet The Block reported on Feb. 21.

People accustomed to the subject reportedly informed the Block that Eurex is making plans to release futures contracts tied to such virtual currencies as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), having already had conferences with market-making corporations to talk about the goods.

Deutsche Boerse has reportedly been considering the creation of virtual foreign money futures since December, 2017. A spokesperson for the alternate then stated that “we are thinking about futures, with which private investors and institutional investors can protect existing investments in Bitcoin or set for falling prices of the cyber currency.”

In September 2018, Deutsche Boerse established a “DLT, Crypto Assets and New Market Structures” unit, that might discover the disruptive attainable the era will have for monetary marketplace infrastructure, in addition to the brand new merchandise the alternate may expand to fortify its current choices.

Founded in 1998, Eurex is a global derivatives alternate operated through one of the most global’s main inventory exchanges, Deutsche Boerse. Eurex Clearing reportedly manages a collateral pool of 49 billion euro ($55.five billion) and clears trades valued at 12.46 trillion euro every month.

Last month, Deutsche Boerse announced that it used to be “making significant progress” on its blockchain-based securities lending platform, the release of which is scheduled for the the primary part of 2019. Per the click unlock from Deutsche Boerse, six banks thus far had showed their plans to sign up for the ​​securities lending platform, and feature initiated “their connectivity processes.”

Like what you learn? Give us one like or percentage it in your buddies
original post…

Continue Reading

Recent Posts

Copyright © 2019 The Crypto Report