According to an official blog post on July 1, ErisX is planning to make digital asset futures contracts available for trade on its regulated derivatives market later this year via its new DCO.
The Chicago-based cryptocurrency derivatives exchange ErisX obtained permission to establish a clearinghouse for derivatives based on digital assets. The license was issued by the Commodities Futures Trading Commission (CFTC). It means that the company may launch Bitcoin futures within the regulatory environment that protect participants and market integrity.
“ErisX is unique in that for our digital asset market, we have divided the trading and settlement functions using traditional DCM (exchange) and DCO (clearing) models. This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility,” Thomas Chippas, Chief Executive Officer of ErisX, commented in the blog post.
Laurian Cristea, General Counsel at ErisX, remarked that when the digital asset futures become available, the exchange will offer a single platform that accommodates both spot and futures trading.
The new instruments may go live as soon as this year; however, the precise dates are yet to be announced.
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