ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Wednesday Jan 24th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

E*TRADE Adds Support For CBOE's Bitcoin Futures

By

Matthew

De Silva

WriterETHNews.com

On Wednesday, E*TRADE announced that customers with margin brokerage accounts can now trade bitcoin futures contracts offered by the Chicago Board Options Exchange. E*TRADE requires a margin of 80 percent of the notional value of the contract.

On December 19, 2017, E*TRADE became the latest online brokerage platform to offer support for CBOE's bitcoin futures, which allow traders to bet on price movements of the digital asset.

Source

Customers of E*TRADE must have a futures-enabled account in order to submit trades and according to contract specifications, E*TRADE's margin requirement is 80 percent of the notional value of the contract.

In a small-print disclaimer, the company warns, "These products involve a high level of risk for all investors. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. Please visit NFA and CFTC for additional information regarding the risks relating to these products."

Earlier, this week, TD Ameritrade also added support for the trading of CBOE bitcoin futures. Thus far, it appears that neither TD Ameritrade nor E*TRADE has begun supporting bitcoin futures offered by the CME Group.

When ETHNews spoke to representatives from TD Ameritrade, they expressed that the company will monitor the liquidity and trading of CME bitcoin futures before deciding whether to offer service. E*TRADE has yet to return our request for comment on the matter.

In addition to being introduced later than CBOE's bitcoin futures, CME's bitcoin futures may face a tougher path to online brokerages because the structure of their contract (based on five bitcoins) might be too expensive for retail investors. It's unclear whether platforms would be willing to take on that level of risk and whether customers are interested in that magnitude of trade. Perhaps the CME product is better suited for institutional traders.

Further complicating the issue, the CME Group's president of clearing and post-trade services, Kim Taylor, recently announced her retirement – though it's uncertain whether she played a role in the product's development or rollout.

Even as bitcoin futures reach a wider audience, bitcoin itself might be stumbling after a surge in the price of bitcoin cash (BCH). It's difficult to assess the price relationship between BCH and BTC, but if the competing digital currency receives market legitimacy, that could dampen the price of bitcoin.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest CBOE, futures or other Ethereum business and finance news.