In December 2017, Chicago-based stock exchanges Cboe and CME launched Bitcoin futures trading. The Cornl took off to $ 19K after that. “After” does not mean “because of”. But still there is something to think about now, when crypto futures are ready to be launched in Europe.
Slow to mount but ride fast?
The Eurex Derivatives Exchange, managed by Deutsche Börse, is preparing to launch several futures contracts tied to the digital asset market. Deutsche Börse AG or Deutsche Börse Group is one of the largest exchange organizations in the world. It is known that in recent weeks, Eurex management has met with market makers to talk about new products. As a result, according to the leaks, Eurex is preparing to launch several futures at once, in particular, tied to Bitcoin, ETH and XRP. This is a very thoughtful decision, because, according to CNBC, “Eurex has been has been watching the crypt since 2017”. It was then that Deutsche Börse distributed the following information:
– 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.
Deutsche Börse follows the example of the Chicago CME and Cboe exchanges, but is ahead of Bakkt, Seed CX, ErisX, which announced its intention to launch crypto futures in the USA in 2019.