Largest German Stock Exchange Preparing To Launch Cryptocurrency Futures - Reports

Financial derivatives trading platform Eurex, which is managed by the Frankfurt-based Deutsche Boerse, the largest German stock exchange, will launch futures for the popular cryptocurrencies Bitcoin, Ethereum and Ripple, media reported

MOSCOW (UrduPoint News / Sputnik - 22nd February, 2019) Financial derivatives trading platform Eurex, which is managed by the Frankfurt-based Deutsche Boerse, the largest German stock exchange, will launch futures for the popular cryptocurrencies Bitcoin, Ethereum and Ripple, media reported.

Eurex top managers have been meeting with representatives of the cryptocurrency industry in recent weeks to discuss new products, The Block website reported.

The publication noted that the timing of the launch of the new product is unknown.

Eurex, which was launched in 1998, is the largest European futures and options market.

In December 2017, US trading platforms CME Group and Chicago board Options Exchange (CBOE) introduced the opportunity to trade Bitcoin futures on their platforms.