It’s been a little over a year since the Chicago Board Options Exchange (CBOE) launched Bitcoin futures trading.
Now, the Commodity Futures Trading Commission (CFTC) is seeking public comment and feedback in order to better inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network. In a Request for Information (RFI), the CFTC is interested in information on a “range of questions related to the underlying technology, opportunities, risks, mechanics, use cases, and markets, related to Ether and the Ethereum Network.”
According to eToro Senior Market Analyst, Mati Greenspan, “As the world goes further towards the tokenization of financial assets, the service of locking in future prices for Bitcoin and Ethereum could become essential for entrepreneurs. So, the CFTC in the United States is now asking the community for help to understand the industry’s needs so that they may accommodate them.”
All comments must be received within 60 days of the RFI, which is set to be published in the Federal Register. Bitcoin has fallen approximately 80% since the launch of futures trading.