UK-Based Crypto Trading Platform Launches “First Regulated” Ethereum Futures

Crypto Facilities, a UK-based cryptocurrency trading platform, has launched the “first regulated” futures contracts for Ethereum (ETH), the world’s second largest digital currency by market capitalization, according to a press-release May 11.

Crypto Facilities, which is regulated by the Financial Conduct Authority (FCA) in the UK, started trading Ethereum derivatives contracts Friday at 4 p.m. UK time. The products will enable investors to take a long or short position on the cryptocurrency, which will reportedly allow them to “broaden investment opportunities and manage risks more effectively.” With ETH futures, the London-based firm will expand its derivatives offering, which currently includes Bitcoin (BTC) and Ripple (XRP) futures. Liquidity for the Crypto Facilities ETH futures product will be provided by trading firms Akuna Capital and B2C2, which are based in Chicago and London respectively.

Reference: https://cointelegraph.com/news/uk-based-crypto-trading-platform-launches-first-regulated-ethereum-futures

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