MEXICO CITY, MEXICO - After Ethereum (ETH) futures went live on UK markets in May, CBOE Global Markets, one of the world’s largest exchange holding companies and the owner of the Chicago Board Options Exchange (CBOE), is close to launching ETH futures in the United States. Renowned foreign exchange analyst Pablo Soria de Lachica recently provided details on the latest uptick in interest of Ethereum and explained what it means in terms of the cryptocurrency’s evolution.
Business Insider reported in August the CBOE Global Markets is planning to base its ETH futures operations on exchange platform Gemini’s underlying market by the end of 2018, where they also placed their Bitcoin (BTC) futures in December of last year. At that time, investors will be able to speculate on Ethereum’s trading price without actually having to own ETH. Pablo Soria de Lachica said that the final obstacle before the project can commence is simply the go-ahead from the Commodities Futures Trading Commission (CFTC). There were questions that Ethereum would be subject to additional edicts from the Securities and Exchange Commission (SEC), but in June the financial regulator ruled that the cryptocurrency was not a security. CBOE Global Markets president Chris Concannon said at the time, “This announcement clears a key stumbling block for Ether futures, the case for which we’ve been considering since we launched the first Bitcoin futures in December 2017.”
When asked to predict how ETH futures would perform, Pablo Soria de Lachica pointed to the performance of BTC, a similar cryptocurrency also based on blockchain technology, since December of 2017. A report from the Chicago Mercantile Exchange (CME) said that the daily average of BTC futures increased by 93 percent in the second quarter over the first quarter of 2018. The CME also stated that the rate of open interest or the number of open contracts has exceeded 2,400, which amounted to a 58 percent increase. In short, when introduced to the market, Soria de Lachica expects the interest surrounding ETH futures to be strong and to continue to increase over the following six months. Overall, the launch of a futures market would be positive for the valuation of the token, as it creates an increase in trading volume by using a new financial instrument.
Pablo Soria de Lachica is an acclaimed broker who specializes in international trading and forex. He studied at the the Universidad Tecnologico de Mexico, where he received a Master of Business Administration and went on to create an impressive client base at a young age due to his range of trading options and competitive terms that were able to meet the needs of both investors and financial analysts. Today, Soria de Lachica primarily collaborates with innovative tech giant Kartoshka, who is at the forefront of the latest technologies in sales, telemarketing and customer support. His expertise provides a vital perspective on international trading, market analysis, the establishment of new branches, the development of online trading tools and day-to-day business operations.
Pablo Soria de Lachica - Foreign Exchange Specialist: http://PabloSoriaDeLachicaNews.com
Pablo Soria de Lachica Highlights Most Popular Trading Pairs for Ethereum’s Cryptocurrency: https://finance.yahoo.com/news/pablo-soria-lachica-highlights-most-032000084.html
Pablo Soria de Lachica Explica la Diferencia Entre Ethereum y Ethereum Classic: http://www.digitaljournal.com/pr/4010565
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