A European exchange giant is gearing up to jump on the crypto futures bandwagon
By Frank Chaparro Just when you thought there were plenty of markets for crypto futures in the U.S. and elsewhere, along comes another player. Eurex, a derivatives exchange operated by Germany’s Deutsche Börse, is gearing up to launch a slew of new futures contracts tied to the digital assets market. The firm follows a number of U.S.-based exchange-operators, including CME and Cboe Global Markets, both of which launched bitcoin futures markets in December 2017. Several people familiar with Eurex’s plans says the firm will announce its plans to launch futures tied to bitcoin, ether, and XRP imminently. In recent weeks, the exchange has been meeting with market-making firms about the products. At the same time, a number of new ventures — including Bakkt, Seed CX, ErisX — that are aiming to launch markets for physically delivered crypto futures sometime this year. As for Eurex, the firm has had its eye on the crypto market since 2017. A...