According to Business Insider report, the Chicago Board Options Exchange (CBOE) is awaiting further clarification from the US Commodity Futures Trading Commission (CFTC) on Ethereum futures, which expects CBOE will launch Ethereum futures by the end of 2018. The progress of ETH futures shows that the ecology of Ethereum has really formed, and the distributed trading based on Ethereum will usher in new development.
The market has different expectations for CBOE’s upcoming ETH futures. Looking back, the launch of BTC futures in December 2017 raised the price of Bitcoin from around $7,000 to an all-time high of $20,000. Therefore, the launch of ETH futures will become a strong confidence of the market, and it is expected as well.
Ethereum futures are looking forward, May bring the Ethereum ETF out
The launch of BTC futures coincides with the market warming up and is on the way to the bull market. Before the launch of the futures, Bitcoin has rebounded from a low of $1,000 to around $7,000, and BTC futures have pushed this rebound to a reversal. Compared with BTC, Ethereum is not so big in market value, but Ethereum is the most extensive and active in application, transfer and financing. The launch of ETH Futures will enable the ecosystem to enter the formal financial system formally and will be more widely used and applied. Like the consensus on the value of Bitcoin, the Ethereum’s ecological value has been successfully established and deeply rooted in people’s hearts.
Even more exciting thing is that this may lead to the Ethereum ETF. In the ETF, investors actually bought Ethereum assets, unlike futures. Therefore, ETF can attract institutional-level buyers, making Ethereum more investment valuable. Although the US Securities and Exchange Commission is still not optimistic about the adoption of the Bitcoin ETF, but such a batch proposal has already reflected the attitude of the market. The launch of the Ethereum ETF is only a matter of time.
For an ecosystem that is already emerging, ETH Futures will become a catalyst. Although the current transaction price of Ethereum is less than US$300, and the highest price of this year has exceeded US$1,000, but the activity of Ethereum’s ecology has not been weakened, and more and more development based on Ethereum are unprecedented. For market speculators, price declines are a heavy blow, and for developers and value investors, they see the Ethereum ecosystem growing rapidly. Therefore, the launch of Ethereum Futures will accommodate more investors and further integrate into the mainstream market.
The development of distributed platforms will be more clear
The distributed platform based on the Ethereum ecology will also get the development opportunity. At present, most of the distributed transactions are based on the trading pairs of Ethereum. Ethereum entered the mainstream financial market, which will also means that the distributed platform will usher in explosive growth. As is known to all, due to scandals such as hacking coins, self-stealing, running away, the problem of centralized platform has been criticized for a long time, but its mechanism is centralized, and no matter how to remedy it will not help. But distributed platforms avoid these problems in terms of mechanisms because assets are always in the hands of users. Although centralized trading is still the mainstream, but with the deepening of the Ethereum ecosystem, the rise of distributed platforms is inevitable.
The distributed platform is currently on a fast-rising trend. Take EtherFlyer as an example, The platform was established in the bullish trend, but it is developing rapidly in a bear market. Analysis of trading volume is meaningless, at present, all of the major platforms are suspected of scalping, so let us do a simple comparative analysis from website traffic. From the figure, we can clearly see that the traffic volume of the three major exchanges has shown a downward trend in bear markets, and EtherFlyer has increased since it’s been recorded data. As a distributed platform, EtherFlyer is no exception. At present, it only supports Ethereum’s trading pairs, it is also obvious from its development that the development of Ethereum is unstoppable.
As far as the current market is concerned, the established consensus is basically linked to its market value. The most recognized ones are Bitcoin and Ethereum. Bitcoin has basically laid the function of its value-preserving products, and the real large-scale application is Ethereum. In this regard, Ethereum has more practical value. For example, distributed platforms based on Ethereum are feasible, but based on bitcoin, it is a fantasy. Whether it is a distributed platform or an Ethereum ecosystem, there has been a trend. The so-called trend is irreversible development, either fast or slow, but it must go all the way.
Trading website: etherflyer.com
Telegram group: t.me/EtherFlyer
EtherFlyer is a decentralized crypto Exchange, which dedicates to build a secured, solid and high efficiency platform for the users all over the world. Users who hold the platform token TCASH can share 50% of the platform’s profit and gradient discounts for transaction fees of their own!