ErisX Unveils 1st Physically-Settled Ether Futures Contracts Within United States

ErisX Unveils 1st Physically-Settled Ether Futures Contracts Within United States

ErisX, a derivatives clearing firm headquartered in Chicago, today announced the introduction of physically settled Ether contracts to its current futures products.

ErisX previously provided settled Bitcoin (BTC) contracts in physical form. Although BTC retains the dominant cryptocurrency position, second-placed ETH has trailed behind. While it’s no coincidence that ErisX wants to introduce an Ether product as its next initiative, this has not been achieved by any other Cryptocurrency Derivatives Exchange, leaving ErisX the first in the United States.

ErisX tends to give investors clarity, convenience, and wider inclusion. In its announcement regarding ErisX Insight, its official site for news releases, it says:

“ErisX operates on an equitable basis in the crypto ethic of openness for everyone. In our time-tested and verified Central Limit Order Book (CLOB), our Ethereum futures contract trades. This means that everybody has access to the best deal on the market. CLOBs allow all members to interact among themselves without needing new special agreements with each counterparty, and our monitoring system works to prevent fraudulent behavior.

ErisX Making Products and Services Accessible
Ether trades are conducted through the central limit order book of the crypto exchange operator, which ensures that all received orders are cleared at the ErisX clearinghouse to reduce counterparty risk.

The decision comes immediately after ErisX was given the first-ever BitLicense this year by the New York State Department of Financial Services (NYDFS).

As with its BTC counterpart, the ETH futures contracts will enable investors to choose among a monthly contract and a quarterly contract. One noticeable difference is the position limit in both the BTC futures and the ETH futures. BTC futures provide up to 200,000 contracts even as ETH futures permit just 75,000 contracts.

The Ethereum network is the pioneering programmable blockchain that provides real-world value to businesses, governments, and people. As the network’s digital power, Ether is equally designed to commodities exchanged in today ‘s conventional capital markets, stated Joseph Lubin, creator of ConsenSys, an active investor in ErisX.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Azeez Mustapha

Avatar

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.