According to a press release published in Cointelegraph, one of the newest cryptocurrency exchange ErisX has stated the appointment of veteran exchange creator Matt Trudeau as its chief strategy officer (CSO).
In the month of October, ErisX has been a restart of old-style futures market Eris Exchange and is anticipated to provide on the spot trading in Ethereum (ETH) Bitcoin (BTC) and Litecoin (LTC), alongside futures contracts in 2019 Q2, pending United States regulators’ approval.
As per ErisX press release and his LinkedIn profile, Matt Trudeau has to date aided in ten worldwide marketplace launches such as including Instinet, Chi-X, IEX and Tradewind. The latter is a platform that influences blockchain technology to tokenize the trading, payment, and possession of valuable metals. Trudeau is even presently the CEO of a Brooklyn-based blockchain and cryptocurrency that is concentrated focused startup consultancy company.
More broadly, as the press release notes, Trudeau’s experience in the digitalization of the U.S. impartialities market over the past decade has combined his expertise in trading electronic and technology exchanges in the context of regulated worldwide monetary markets. In December 2018 CME Group started the world’s best Bitcoin futures trading with each contract representing five bitcoins, whereas CBOE’s contracts each represent one bitcoin. CME’s first Bitcoin contracts will expire January 26.
Cointelegraph wrote at the start of January that the release of Bitcoin futures is a sign that more organizations, such as Wall Street, are being ready to accept and know Bitcoin as a legitimate asset. Forecasting is a massive part in crypto especially when it comes to charges, nevertheless, in this unstable market it is not only the price that can see-saw, all types of incidences are moving this mushrooming market.
This has led to people to gamble already what 2018 will hold for the cryptocurrency world. 2017 was certainly a significant stand on which a robust base that was created for this cryptomarket. Along with the controlled futures markets going active the phase is set for ETFs to gain support in the current year. Nolan Bauerle stated. “The CBOE filed for six cryptocurrencies ETFs at the end of 2017 which might go live in 2018. This would dramatically upsurge how institutional investors can get publicity.