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❕NEWS CME Launches Ethereum (ETH) Futures

aryan4

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Chicago Mercantile Exchange (CME) has launched the highly anticipated futures contracts for ETH, the native cryptocurrency of the Ethereum blockchain network. The Chicago-based exchange has traded 77 contracts so far, with most activity concentrated at the February maturity.
Do you think this situation triggers the price increase?
 

aryan4

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I read an article on this subject in a relatively recent time. It was written that opening such transactions may affect prices positively for a short time at first. Prices went up today, but I think the reason for the increase is a general situation in the markets.
 

Emoney

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Why are you replying to your posts. This development is not that surprising since the more popular crypto has become more and more traditional investment institutes will also want to take a piece of the pie.
 

achawaskey

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Definitely it will trigger the prise because that is a sentiment analysis. More investors will like to try there hand on ethereum, and this will definitely make ethereum the most sort crypto after bitcoin.
 

Brain

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Definitely it will trigger the prise because that is a sentiment analysis. More investors will like to try there hand on ethereum, and this will definitely make ethereum the most sort crypto after bitcoin.
I think eth is already a sort after coin, since it is the second best after Bitcoin. I believe this will help create more awareness for eth add maybe add value to it
 

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I don't really understand what you mean by future contracts in ethereum, is it sort of a kind of fixed deposit because that's my understanding of it. I hope it is going to be a profitable venture.

Kinda. Google is there for you when you don't understand something. Tho, investopedia is better when it comes to financial-related knowledge base.
 

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I read an article on this subject in a relatively recent time. It was written that opening such transactions may affect prices positively for a short time at first. Prices went up today, but I think the reason for the increase is a general situation in the markets.
There has been an increase in price of Ethereum after this development but like you said, it could just be the normal market situation, since Bitcoin and other alts have moved in the same direction too.
 

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I think eth is already a sort after coin, since it is the second best after Bitcoin. I believe this will help create more awareness for eth add maybe add value to it
These types of futures can be considered as a trust in the coin, and also heavily traded coins, I think, are chosen. Very risky markets. Maybe we will see in the future what effects will be on the ETH price.
 

aryan4

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Why are you replying to your posts. This development is not that surprising since the more popular crypto has become more and more traditional investment institutes will also want to take a piece of the pie.
-----------Why are you replying to your posts..-------------

Are you asking this question to me? Well, will I not comment on an article I received from the news site and edited and shared on these forum pages just because I write? After all, I'm a forum member too. If there is an issue against the rules, please use the report button below in accordance with the rules.
 
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