According to Business Insider, CBOE Global Markets, one of the world's largest futures exchanges, is targeting ETH based futures activity towards the end of this year.

The stock exchange has commissioned futures contracts based on Bitcoin in December of last year, related news related Bitcoin price of 20,000 dollars. Bitcoin prices went down drastically as the contracts entered into force. Now it is anticipated that Ether traps will show the effect on Bitcoin on the Ether.

These contracts allow you to buy or sell a certain asset at a certain price, at a certain price. Thanks to this, people do not have to buy an entity 'really'. That is, those who want to invest in the possibility of Bitcoin price increase or decrease but who do not want to buy Bitcoin can benefit from these contracts.

According to information received, the CBOE is waiting for approval from the US Commodity Futures Commission (CFTC) to pass on this new project. The SEC, another US financial authority, said in June that Ethereum was no longer a security.

"This announcement opens the front of the Ether contracts and we have been using the expressions since December 2017, when we created the Bitcoin contracts," commented CBOE President Chris Concannon at the time.

In addition to CBOE, CME also created Bitcoin-based futures contracts on December 17th. However, CME CEO Terry Duffy emphasized that the company will not sign a contract for crypto money other than Bitcoin in the near future, and citing variability in crypto money prices as a reason for this.