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George Ma
in
Crypto
May 12 13:06

ErisX launches adjustable delivery futures on Ethereum

Chicago Cryptoexchange, ErisX, was the first in the U.S. to open trades on Ethereum regulated futures contracts with physical delivery.
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Trading in dollar-denominated new tools with monthly and quarterly expositions has become available from today.
ErisX launched bitcoin futures in December 2019, but to date it has not gained much popularity compared to CME and unregulated exchanges.
Prior to today's announcement from ErisX, there were no ETH-based derivatives in the U.S., mainly due to the continued uncertainty over the legal status of the second cryptocurrency in the eyes of U.S. regulators.
Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), predicted last October that regulated futures on Ethereum would appear within six or twelve months.
In May, ErisX was the first company this year to obtain a virtual currency license (BitLicense) from the New York Financial Services Department (NYDFS).
Prior to that, the company was approved by the U.S. Futures Trading Commission to provide services as a clearing center for derivatives. Together with Bitlicense, ErisX was authorised to operate in 47 states and jurisdictions, including New York.