German-based Eurex to launch Bitcoin, ETH & XRP future contracts

22 Feb, 2019 | Updated: 22 Feb, 2019
by Fifi Arisandi
German-based Eurex to launch Bitcoin, ETH & XRP future contracts

Eurex will join the club of derivatives exchanges that release crypto future contracts, an anonymous source familiar with the company said. 

Another derivatives exchange will release crypto futures contracts, this time is the Germany-based, Eurex.

According to an anonymous source, the exchange is currently working to bring new futures contracts to the market, which will begin with Bitcoin, Ether and XRP.

Eurex has actually been showing the interest since 2 years ago, when the company’s spokesperson said an interview with CNBC, “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of the cyber currency.”

But only recently, they finally came up with a real launching plan. That said, Deutsche Borse, the company that runs Eurex must be prepared with a bumpy road ahead as how other derivatives exchanges, such as CBOE and Bakkt have experienced earlier.

Read more: ICE CEO Jeff Sprecher reveals Bakkt to launch in late 2019

While the others, like BitMEX, BitFlyer and OKEx seem to be “more successful” when it comes to the crypto derivatives trading, as reported by Bitcoin Exchange Guide.

Quoting another new player, CoinFlex’s CEO, Mark Lamb, “The space has been moving into this direction for a long time. Traders are all about the efficiency of their capital and maximizing the return on equity. Futures just make much higher returns more possible as they are really great for arbitrage and other complex strategies.”

Meanwhile, no official statement has been made by Eurex yet as of reporting time. 

Read more: ErisX: Crypto exchange platform hires dream team prior to launchSEC reviews 2 different Bitcoin ETF proposals: 45-90 days to decide

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