The launch of Ethereum futures contracts could soon take place on the American market, several months after the launch of the ones on Bitcoin.
This is being endorsed by Heath Tarbert, the President of the CFTC, the American agency responsible for deciding on the issue of new futures.
Tarbert has revealed this during a recent interview with Bloomberg, in which he covered several topics.
To an explicit question about the future of cryptocurrencies, the CFTC president replied that he would like the United States to be at the forefront in this area, which includes the blockchain, and that he wants to encourage innovation in this field.
He specified that the CFTC regulates commodities and commodity derivatives, including both Bitcoin and Ether. He also revealed that the agency is doing a lot of work in this area, as shown by the Bitcoin futures, and that he hopes to see those on Ether as well.
“We are doing a lot in the digital asset space. We are seeing exchanges started to list; certainly, we have seen Bitcoin Futures, both cash-settled as well as physically-delivered. My guess is we are going to see Ether Futures as well. And as things start to migrate into the commodity space, we will see even more”.
A few days ago, Adam White, president of Bakkt, also anticipated something similar, suggesting that perhaps the same company is working on a similar thing, given the fairly good success they have had with Bitcoin futures.
In addition, the fact that Tarbert reiterated once again that he hopes the US will be the leading nation in this field globally suggests that perhaps he’s going beyond wishful thinking.
Moreover, the CFTC only regulates the commodity and derivatives market, so it is not involved in the security market, which makes their work in the crypto industry much easier.
At this point, Tarbert’s statements may even seem a more or less explicit invitation to companies that issue and manage futures contracts, such as Bakkt, not to ignore Ethereum in order to stay on top of the wave.
It is therefore logical to imagine that, sooner or later, someone will take up this challenge and also issue ETH futures contracts.