CFTC President Heath Tarbert says Ethereum futures are on the way
CFTC President Heath Tarbert says Ethereum futures are on the way

By Roberto D. | CryptoFarm | 31 Jan 2020


Heath Tarbert, president of the Commodity Futures Trading Commission (CFTC), interviewed by Bloomberg, as reported by an article published a couple of hours ago, said that the launch of ETH futures could be imminent; in more detail, the president said that since there are already Bitcoin futures on the market, settled in cash and physically delivered, it is very likely that we will soon also see futures on ETH.

Already last autumn Tarbert had expressed a substantially similar position coming to argue that the CFTC would have given the go-ahead to products of this type in the course of 2020, so it is not surprising that he returned to reiterating the concept; in any case, ETH futures will hardly make their appearance by the first half of 2020, more likely, assuming that the CFTC already has some proposals in this sense on the table, that these products make their appearance more towards the end of the year. 'year.

 

Despite the changing of the guard at the helm of the Commodity Futeres Trading Commission which saw Tarbert take turns to Giancarlo (at the time nicknamed by the crypto daddy community), the cryptographic industry seems to have found another ally in the new president of the CFTC; after all, Tarbert has never made it a mystery to consider it important that the United States take a leading position on a global level when it comes to digital resources and Blockchain technology, so much so that on several occasions it has reiterated that it considers it an objective of its presidency to encourage innovation in the cryptocurrency sector.

Waiting for the first ETH futures to appear on the market, as promised by Tarbert, meanwhile the price is still in shifting sands, however just in these days (as regards the prices of this currency paired with the US dollar) we have witnessed the formation of a huge bullish divergence on the MACD (weekly chart); who knows then that the time has not come for a reversal for ETH, moreover it is now from 2018 that the price of this currency continues to fall, after more than two years of bearish trend the time for a recovery for the coin created by Vitalik Buterin.

 


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Roberto D.
Roberto D.

Born in Italy, I live in Italy, passionate about cryptocurrencies since I discovered ethereum in 2015


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