Cboe: SEC eliminated the obstacle for futures on Ethereum

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President of Chicago Board options exchange Cboe Global Markets, Chris Concannon (Chris Concannon) said he supported the decision of the Commission on securities and exchange Commission (SEC), according to which cryptocurrency Ethereum is not a security. According to the representative of the exchange, it can determine the imminent appearance on the Cboe futures for Ethereum.

We will remind, yesterday it became known that the US Central Bank will not classify Ether as a security because of its “decentralized character”.

Concannon, who served as President and COO Cboe, said that the exchange “welcomes the decision of the SEC to provide certainty” in this matter: as you know, discussions about the status of the token was continued in the regulatory agencies from the end of April. In particular, the position that the ether is a “action outside the law,” was expressed by the former Chairman of the Commission on trade commodity futures U.S. (CFTC) Gary Gensler (Gary Gensler).

“This announcement removes a key obstacle for futures in the air, the possibility of issue which we have considered since then, how have launched the first futures on bitcoin in December of 2017,” commented the decision of the SEC Concannon.

It should be noted, he had previously been assumed that the Cboe may in the future issue future contracts on Bitcoin Cash.

Meanwhile, the futures Ethereum is already available on another platform is a British company Crypto Facilities from the UK announced the launch of the contracts last month. By the way, the Crypto Facilities is a partner with another Chicago stock exchange CME Group and provides data on a “daily reference price” of the asset in US dollars — simply, index, live dollar. Reportedly, a similar bitcoin index greatly facilitated the work of professionals CME with the release of futures for bitcoin last year.

Well, the news about the regulator’s decision in respect of the ether, of course, affected the price of cryptocurrency: yesterday, the rate has increased by $70 and has reached a level of $520, however, at the time of this writing, the air is trading at a price of $500.