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Ethereum futures contract might arrive in the 6-12 months, CFTC Chairman Heath Tarbert

An Ethereum futures contract will likely arrive in the next 6-12 months based on the optimism expressed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert.

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Tue, 22 Oct 2019, 03:32 am UTC

Ethereum has always struggled with its monetary identity and establishing itself as a veritable form of payment in the eyes of institutional investors. As such, the cryptocurrency has found it difficult to land success in this area and experts dealing with the platform are finding ways to ease this process.

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes this could all change in the next six to 12 months. Tarbert attended the fireside chat at the Georgetown University recently and expressed his optimism regarding the possibility of an Ethereum futures contract. However, he did admit he’s at a loss how trade volume will translate once that happens, CoinDesk reported.

“The volume to which it’ll trade, no idea, that’s where the markets decide, but my guess is now that we’ve provided at least … a little bit more clarity on [ether’s eligibility for futures contracts], my guess is market participants will consider that,” Tarbert said.

Ethereum and institutional investors

At the moment, it’s really difficult to know exactly when an Ethereum futures contract will go live. But if it does, there might be a chance that institutional investors will finally take interest in the second leading cryptocurrency by market capitalization.

There are several factors why mainstream investors have stayed away from Bitcoin, Ethereum, and its other kin. Among them is the fact that they’ll need to own the cryptocurrency before they can participate in betting for or against a chosen commodity.

Ethereum has been growing its technological lead

If an Ethereum contract is approved, then investors can be paid with U.S. currency and not with BTC or ETH – the cryptocurrency form of Bitcoin and Ethereum respectively, Cointelegraph reported. In the last four years of its existence, Ethereum has considerably grown its technological lead and is continuously doing so thanks to the tireless effort of everyone in the community.

It’s easier than ever to build on the platform with language, tooling, and infrastructure all getting the much-needed improvisation to streamline the process. Sure, there is still a lot of room to work upon but comparing its current form to the one seen in 2015 and the improvements can definitely be quantified.

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