It’s been a big year for Ethereum. The price of ETH has surged by over 3,500% since the start of 2020, and the Ethereum network is now processing more transactions than ever before.
With all this activity, you might be wondering if you can buy futures on Ethereum.
The short answer is no, you can’t currently buy ETH futures. However, there are a few projects working on bringing Ethereum futures to market.
These include the likes of Synthetix and dYdX.
So, why can’t you buy ETH futures right now? Well, it all comes down to regulation. Futures contracts are highly regulated financial instruments, and exchanges need to obtain specific licenses in order to offer them.
However, Ethereum is still a relatively new asset class, and it’s yet to be fully regulated by authorities around the world. As such, there’s no legal framework in place for Ethereum futures just yet.
Of course, this could all change in the future. If regulators give the green light to Ethereum futures, then we could see them launch on major exchanges in the coming months and years.
For now though, you’ll have to stick to buying ETH outright if you want to get involved with this exciting asset class.