ErisX announced it’s the first US-based exchange to introduce ether physically settled futures contracts, which can be accessed via its platform by institutional and individual investors
Trades are executed through the ErisX’s central limit order book, which ensures all submitted orders are treated equally, and are cleared at its clearinghouse to eliminate counterparty risk. Block trading will also be available on ErisX’s ether futures contracts. ErisX currently operates a live spot market for bitcoin, bitcoin cash, ether and litecoin and a regulated futures market for physically delivered bitcoin as well as ether futures.
Thomas Chippas, CEO of ErisX, said in a statement: “Our contract sizes are accessible for any investor while our technology stack and regulatory framework meet institutional expectations.”
“Ether is structured similarly to commodities traded in traditional capital markets today,” said Joseph Lubin, founder of ConsenSys, an early investor in ErisX, in a statement. “We are proud to support ErisX as they leverage existing precedents and standards to meet market demands for a secure, transparent, compliant and sophisticated ether futures product.”