Ethereum [ETH] Futures – Crypto Facilities, a U.K-based cryptocurrency trading platform, announced this morning that it would be launch Ethereum futures later today. The official statement reads:
“The first Ethereum futures to be offered by a regulated firm, the products will enable market participants to take a long or short position in the cryptocurrency, allowing them to broaden investment opportunities and manage risks more effectively.”
Crypto Facilities provided support for the CME Bitcoin futures that launched in December of last year. Chicago-based Akuna Capital will be providing liquidity for these Ethereum futures contracts.
“The addition of a futures product enables crypto traders to take both long and short positions in ETH and is another giant leap in the development of the crypto asset class,” says Toby Allen, head of Digital Assets at Akina Capital.
Crypto Facilities will also be working with B2C2 to back up its new futures contracts.
Casper Is Here
On May 8th, Casper v0.1 was released to the public. Casper’s test-net was released in January of this year and after, ETH’s price shot up past $1,300 for the first time ever. Danny Ryan, the developer of Casper the Friendly Finality Gadget (FFG) admitted that “v0.1.0 marks us more clearly tagging releases to help clients and external auditors more easily track the contract and changes.”
Casper was designed to help push Ethereum from its Proof-of-Work (PoW) consensus to a new hybrid PoW with Proof-of-Stake (PoS) consensus. Ultimately, their goal is to move Ethereum to PoS entirely, but a group of Etherem’s miners are holding on tight.
“During a call last month, Ethereum co-founder Vitalik Buterin said that the risk will go away once the community deploys Casper — software that will get rid of miners altogether and confirm transactions in a different way, which would expand the number of people involved in the process.”
The end of PoW and mining is coming to an end rapidly. Most of the new generation blockchain’s have already implemented PoS from the get-go putting them far ahead of Bitcoin and Ethereum, from the start. Mining has shown to be far too costly, the world is taking notice.
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