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Launch of Ether Futures on the Chicago Stock Exchange Will Accelerate Institutional Adoption of Altcoin

A report from Pantera Capital said institutional investors will be on the air more actively after the Chicago Exchange (CME) launches ETH futures. Less than three weeks are left before such a product appears. At the end of last year, CME announced the launch of Ethereum Futures. Investors will be able to use such products as early as February 8th. One contract is 50 ETH. In a January letter to investors, Pantera Capital notes that the launch of futures is fundamental to the long-term strengthening of the altcoin. The company said: Once ETH futures are launched, institutional entry into cryptocurrency will accelerate. As more and more holders are betting on ETH in Ethereum 2.0, this means a further decline in sales. The emergence of a new product will lead to the fact that by the end of this year the ether rate will be able to update the maximums. According to analysts at Pantera Capital, Ethereum is currently the leading network for deploying smart contracts and developing blockchain applications (DApps). In addition, Ethereum is the main platform for DeFi projects. In just one year, the value of tokens locked in the DeFi ecosystem has grown from $ 1 billion to $ 24 billion. The ETH rate on Thursday, January 21, is holding around $ 1311. The capitalization of the largest altcoin in the last 24 hours has decreased to $ 149.993 billion (-4.35%).

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