Eurex, a Germany-based derivatives exchange operated by Deutsche Boerse, is reportedly aiming to launch futures contracts tied to digital assets, monetary technologies-focused news outlet The Block reported on February. 21.

People aware of the matter reportedly told the Block that Eurex is aiming to launch futures contracts tied to such digital currencies as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), having already had conferences with market-making corporations to discuss the product.

Deutsche Boerse has reportedly been considering the introduction of digital currency futures since Dec, 2017. A representative for the exchange then said that “we are brooding about futures, with that personal investors and institutional investors will shield existing investments in Bitcoin or set for falling costs of the cyber currency.”

In Sep 2018, Deutsche Boerse established a “DLT, Crypto Assets and New Market Structures” unit, that will explore the disruptive potential the technology might have for monetary market infrastructure, in addition because the new product the exchange might develop to boost its existing offerings.

Founded in 1998, Eurex is a global derivatives exchange operated by one in every of the world’s leading stock exchanges, Deutsche Boerse. Eurex Clearing reportedly manages a collateral pool of forty nine billion monetary unit ($55.5 billion) and clears trades valued at twelve.46 trillion monetary unit every month.

Last month, Deutsche Boerse proclaimed that it absolutely was “making vital progress” on its blockchain-based securities loaning platform, the launch of that is regular for the the first half of 2019. Per the promulgation from Deutsche Boerse, six banks up to now had confirmed their plans to affix the securities loaning platform, and have initiated “their connectivity processes.”

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