Ethereum futures could soon be approved, ETH surges 10%102

Futures contracts of the second largest cryptocurrency, Ethereum, could soon be approved by the CFTC, a senior official at the regulatory body revealed. The rumors about the contracts triggered a 9.8 percent spike, making ETH one of the best performers of the week.

Futures contracts have long been regarded as the “saviors” of the cryptocurrency market, as they would both legitimize the industry and provide an influx of fresh, institutional investment into the market. When Bitcoin futures were introduced to the market, rumors about ether contracts began circulating, leaving many to wonder when the world’s second-largest digital asset would be available for futures trading.

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