ErisX Pioneers First U.S. Based Ether Futures Contract

Image for post
Image for post
ErisX Launched First U.S. Based Ether Futures Contract

Today, we introduce the first U.S. based Exchange-traded Ether futures contracts. Starting today individual and institutional investors can access physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations. The ErisX futures exchange trades alongside the ErisX spot market on a unified and innovative platform enabling price transparency and collateral efficiencies.

ErisX believes that robust, transparent and regulated financial markets are critical infrastructure that enable price discovery, risk transference and hedging opportunities. These are foundational elements of well functioning capital, commodity and commercial markets globally. We are proud to bring this infrastructure to the benefit of the Ethereum network and look forward to seeing the market for ETH benefit from these risk management tools. Read below for more information about how our products benefit the Ethereum network or start trading them now.

Ethereum Use Cases and Market Benefits

Since its launch in 2015, the Ethereum community has grown to include speculators, product developers, and organizations and enterprises that include governmental, nonprofit and for-profit entities. Use cases for Ethereum, and its native crypto asset Ether, currently run the gamut from potential financial and commercial applications, prediction markets, voting and identity systems, digitized physical assets, unique non-fungible digital assets, trading and exchange applications, payments and remittances, to data management platforms and beyond.

We are thrilled to introduce standardized, CFTC-regulated futures products, on a robustly operated trading and custody infrastructure. Benefits to miners, speculators, hedgers, and business that run on ETH include:

We wrote an in-depth piece about how miners are the modern hedgers in today’s markets as well as a piece on the similarities between cryptocurrencies and gold. Both traditional hedgers and commodities set instructive precedents in how to progress and build out crypto derivatives.

Regulation and Licensing

ErisX is a unified platform for cryptocurrency spot and regulated futures trading and investing. Our infrastructure and operations, designed for regulatory compliance, protect our Members from market manipulation and fraud as well as preserving market integrity. Based in the United States, we provide markets price discovery, liquidity and collateral efficiencies within licensing and regulatory oversight:

Recently, the CFTC sent out a disclaimer urging anyone trading digital assets to make sure they are working with a regulated entity.

Transparent Market Model

ErisX believes in the crypto ethos of accessibility to all on equal terms. Our Ethereum futures contracts trade in our time-tested and proven central limit order book (CLOB). This ensures that the best price on the market is accessible to everyone. CLOBs enable all participants to trade with each other without requiring new and exclusive agreements with each counterparty, and our surveillance program works to prevent malicious activity. CLOBs are used in traditional commodity markets by leveraging a matching engine that employs a price/time matching algorithm:

This is an explicit rule that the ErisX matching engine strictly follows to preserve equal access and prevent market manipulation. Our model also avoids the potential conflict of interest that arises when trading venues run their own trading desks. ErisX does not trade for itself, therefore there are no profits to be made trading against our customers.


Ethereum has genuine functionality and use cases with real people, firms and governments using the network, and it’s structure has many similarities with existing commodity markets. ErisX has taken precedents and standards already in existence from established capital markets to offer secure, transparent and innovative access to Ether. If you are ready to start trading our Ethereum futures contracts, please log in here or email

Improving the digital asset trading and investing experience.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store