Germany-based derivatives exchange operated by Deutsche Boerse, Eurex has been planning to launch futures contracts that will be tied to digital assets, as per the reports by the news outlet The Block on Feb. 21.
The block cites the people familiar with the matter, who added that Eurex has had met market-making companies to discuss the products and plans to launch futures contracts tied cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), having already had meetings
Reportedly, Deutsche Boerse has been considering the possibility of digital currency futures since December 2017. A spokesperson for the exchange platform stated:
“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.”
In September 2018, Deutsche Boerse launched a “DLT, Crypto Assets and New Market Structures” unit, in order to explore the disruptive potential the technology could have for financial market infrastructure. In addition, the exchange researched new products to enhance its existing offerings.
Just last month, Deutsche Boerse revealed the deets about its blockchain-based securities lending platform, stating that its “making significant progress”. With the launch scheduled for the first half of 2019, the platform has reportedly confirmed six banks to join the securities lending platform, and have initiated “their connectivity processes.”
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