Wednesday, March 29, 2023
HomeCryptocurrency NewsEthereum NewsEthereum: One step closer to the securities

Ethereum: One step closer to the securities


Crypto Facilities company will launch futures for Ethereum. These are the first futures contracts on the regulated platform. According to the head of Crypto Facilities, Timo Schlafer, Ethereum futures for broadcasts will expand the capabilities of the popular cryptocurrency and will improve the manageability of risks, as well as attract new investors to the network.

To support the contracts, Crypto Facilities will cooperate with the companies Akuna Capital and B2C2. The introduction of futures allows traders to take short and long positions at the conclusion of contracts.

A week earlier, the Securities Commission (SEC), in conjunction with the Commodity Futures Trading Commission (CFTC), put forward a discussion on the recognition of Ethereum tokens by securities. Interest in Ether on the part of the Regulators arose after the pre-sale of coins in 2014. Then the investors acquired the Ether in the hope of increasing their price. And at this stage, the ETH is the world’s second-largest cryptocurrency.

However, representatives of the Ethereum Foundation have already noted that in case of recognition of the ETH as a security, the company will challenge this decision to the court, as this may adversely affect its price. In addition, then the company will have to go through the registration procedure with the SEC and temporarily suspend trading.

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