ETH futures should help the flagship BTC contract bc it allows spread trading between the two. Now I can bet that BTC will do better/worse than ETH by going long one future and short the other cheaply.
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Random thoughts on $CME Ether futures:
- ETH is ~1/5th the size of BTC
- CME's BTC futures trade ~$830M notional per day
- Both contracts are cash settled
Either the ETH market will be small or the futures market will eclipse the spot market at some point...
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Have you looked at Binance's very limited revenue disclosure in cryptoworld? It's extraordinary how quickly a basically unregulated crypto spot and futures exchange can scale to $1.5bn or so annual profit. Coinbase prospectus will be a fun one.
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I'm super excited about Coinbase, haven't looked at Binance yet - do you have a link to that revenue disclosure by chance?
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