• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America

Major Wall Street Institutions are Finally Launching an Ethereum Futures Market

Joseph Young by Joseph Young
5 years ago
in Ethereum
Reading Time: 2 mins read

Chicago Board Options Exchange (Cboe), $29 billion brokerage firm TD Ameritrade, and several other large investment firms are supporting the launch of ErisX, a futures market that will integrate Ethereum, Bitcoin Cash and Litecoin along with Bitcoin.

Frank Chaparro at The Block exclusively reported that former Citigroup Head of Quantitative Execution Thomas Chippas left the US-based banking giant to develop ErisX.

For many months, since the debut of the Cboe and CME Group Bitcoin futures market, investors in the cryptocurrency market called for the launch of an Ethereum futures trading platform.

ErisX is expected to launch as the first regulated US-based futures market for Ethereum, Bitcoin Cash and Litecoin.

Interest in Crypto Hasn’t Slowed Down in Bear Market

JB Mackenzie, TD Ameritrade’s Managing Director of Forex and Futures, told Chaparro in an interview that the cryptocurrency economy has seen rapid development and growth over the past nine months despite the bear market and the downtrend of major digital assets.

Given the increase in interest towards crypto during a phase in which cryptocurrencies are struggling to record large movements on the upside, Mackenzie stated the firm is confident that it will see large demand from customers.

“We expect we will have customers interested in participating. The digital asset economy has been developing so much over the last nine months and investors are crying for a regulated, transparent platform,” Mackenzie said.

Chippas, the CEO at ErisX, echoed the sentiment of Mackenzie and emphasized that there is sufficient demand in the crypto market for clearing houses and regulated exchanges to compete. He said:

“In our opinion there is no lack of interest in building out markets for people wishing to trade digital assets and there is plenty of space for people to come in with a regulated exchange and clearing house.”

Crypto Market Infrastructure is Improving at a Rapid Rate

In the past nine months, the cryptocurrency sector has seen the emergence of Bakkt, Coinbase Custody, BitGo Custody, Seba and ErisX, all of which are supported by major financial institutions and investment firms.

Goldman Sachs, Morgan Stanley, and Citigroup have revealed that they already have developed the infrastructure to offer cryptocurrency custodian solutions and are awaiting the greenlight from regulators to begin serving investors in the crypto market.

Previously, Coinbase Chief Technical Officer Balaji Srinivasan explained that the cryptocurrency market has historically gone through several bubble-burst-build-rally phases. The past nine months has shown more significant development pertaining to market infrastructure than the sector has seen in previous eight years.

As new companies backed by Wall Street firms, investment and banking giants enter the cryptocurrency market to offer products and services the sector lacks, the market is expected to grow at an exponential rate, which may lead to institutional investors entering the cryptocurrency market in the months to come.

Some reports have claimed that institutional investors have already started to acquire Bitcoin through the over-the-counter (OTC) market, through brokerages like DRW and Circle, which saw a triple digit growth in its OTC cryptocurrency trading businesses in the past few months.

Tags: bitcoinBitcoin CashcitigroupcoinbaseethereumfuturesGoldman sachs
Tweet123Share425ShareSend
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Related Posts

Ethereum staking

LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

2 days ago
Ethereum (ETH)

Ethereum Fees Plunge 69% From Yearly High, What This Means For ETH

3 days ago
Ethereum

Did The US SEC Just Endorse Ethereum After This Settlement?

4 days ago
Ethereum

Ethereum Correction: Key Level Break Can Shift Price Course

6 days ago
Ethereum (ETH) Block Size Surges

Ethereum’s Block Size Surges To 1-Month High – What This Means For ETH

6 days ago
Ethereum

Ethereum Encounters Resistance At Critical Level, Vital Trading Levels to Monitor

2 weeks ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    4 days ago
  • Willing to buy new crypto: Here are the best 10...

    4 days ago
  • Best Crypto Meme Coin Presales in 2023

    4 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • AI Analytics: SingularityNET, Ripple, and The Sandbox Top...

    37 mins ago
  • According to experienced traders, Aave (AAVE) and InQubeta...

    5 hours ago
  • Avalanche price at important support level, Quant price to...

    6 hours ago
  • Looking for the next Crypto That Could 100x? Check...

    6 hours ago
  • Tradecurve (TCRV) Presale Bonus Attracts More Investors As...

    7 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.