A European exchange giant is gearing up to jump on the crypto futures bandwagon | A price war is heating up in the crypto market, and 2 exchanges are leading the charge

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“The industry has matured a lot over the last year and a half. Token issuers are coming to us now with more stable token economics strategies. There’s an overall thinking of how they and their network can evolve over time. Before there was a lot more back and forth with them.” — Andy Bromberg, President CoinList

The Big Block

Just when you thought there were plenty of markets for crypto futures in the U.S. and elsewhere, along comes another player.

Eurex, a derivatives exchange operated by Germany’s Deutsche Börse, is gearing up to launch a slew of new futures contracts tied to the digital assets market. The firm follows a number of U.S.-based exchange-operators, including CME and Cboe Global Markets, both of which launched bitcoin futures markets in December 2017. Several people familiar with Eurex’s plans say the firm will announce its plans to launch futures tied to bitcoin, ether, and XRP imminently. In recent weeks, the exchange has been meeting with market-making firms about the products. 

At the same time, a number of new ventures — including Bakkt, Seed CX, ErisX — are aiming to launch markets for physically delivered crypto futures sometime this year.

As for Eurex, the firm has had its eye on the crypto market since 2017. As reported by CNBC at the time, executives were exploring crypto futures. 

“We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of the cyber currency,” a Deutsche Börse spokesperson told German-based publication Wirtschaftswoche in December 2017. 

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Around The Block

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