The Chairman of The US commodity futures trading Commission (CFTC), Heath Tarbert, believes that ether futures will be launched next year.
During his speech at Georgetown University, Tarbert expressed the opinion that ether futures will appear within 6-12 months, but the launch of such products does not mean the immediate growth of the cryptocurrency industry.
“I can’t imagine the trading volume, it will be decided by the market itself. But at least we have given a little more clarity on this issue and market participants will consider new futures,” he said.
At the same time, it is not yet known which companies will be interested in offering ether futures. Tarbert said that at the moment the Commission has not received applications for the launch of such a product.
“I think that such an application will appear soon, but from whom – I do not know,” he said.
The process of launching futures on the broadcast will be similar to the launch of futures on bitcoin. At the Same time, the asset can move from the category of securities to the category of goods and Vice versa. the
also noted that the Commission can recognize other cryptocurrencies as goods.
“There will be other derivatives for various cryptocurrencies. The SEC is working on this as well as we are. However, I can’t say that it will be very fast, since the launch of bitcoin and ether futures took a long time,” Tarbert said.
Recall that Tarbert recently called ether a commodity, not a security. In addition, previously, an unnamed representative of the CFTC said that the Commission could support the futures the air.