The Block 2020 Outlook: Ethereum (ETH) Futures will likely launch this year
The Block 2020 Outlook survey reveals that ETH futures will likely launch this year. The crypto futures market is heating up as more coins now look towards the derivatives section for growth opportunities. As per the results of recently held the Block 2020 Outlook survey, participants are highly positive that ETH futures regulated by the CFTC will be a reality soon.
Out of the 106 respondents who participated in the survey – which focused on questions like the possible likelihood of a bitcoin ETF approval in the U.S. this year – 72 said that they think an ETH future will go live on a regulated exchange in 2020. That number accounts for 67.9% of participants.
34 respondents – or 32.1 percent of those who took part in the survey – said they don’t believe it will happen.
‘The Block 2020 Outlook’ survey is conducted to get insights into the crypto industry. The annual survey sheds light on various facets of the crypto industry, blockchain developments, and investor insights. The recent trend of crypto derivatives points towards more such products being offered on regulated exchanges.
Back in last month, during the interview with Bloomberg, Heath Tarbert, U.S. Commodities Futures Trading Commission chairman, reiterated that Ethereum (ETH) futures are in the pipeline.
“Certainly, we’ve seen Bitcoin futures, cash-setted as well as physically-delivered. My guess is that we are going to see Ether futures as well.”
Back in October, Tarbert said that Ethereum futures could start trading somewhere in 2020 while expressing the willingness of the CFTC to greenlight the new product.
“I’d say it is likely that you would see a futures contract in the next six months to a year.”
Read more:
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