A UK-based cryptocurrency trading platform, Crypto Facility is launching its first Ethereum Futures contracts. The firm announced this on Friday, 11th May. Crypto Facilities claims on that this is the first time futures for ethereum blockchain will be traded on a platform under regulation.
On its platform, Crypto Facilities which has partnered with Elliptic, the KPMG-accredited blockchain security firm disclosed that potential investors would be able to take long or short positions to enable them to explore all the possible investment opportunities available and also to effectively manage the risks involved in trading.
While discussing the new coin offering, the Chief Executive Officer (CEO) of Crypto Facility Timo Schlaefer disclosed that Ether – the token which powers the ethereum blockchain is the most liquid cryptocurrency available after bitcoin. He added that the ether is trading at a daily volume in excess of billions of dollars.