ConsenSys joined forces with TrueDigital, the new division of the trueEx swap marketplace. Companies intend to launch a basic reference index for the Ethereum. such a price guide will be useful for companies developing ETH-related derivatives. This is reported by CoinDesk
At the same time, trueEx plans to launch its own marketplace of cryptocurrency derivatives under the TrueDigital brand. It is expected that the first product of the new site will be contracts for bitcoin. Currently, the tool is awaiting approval by the US Commodity Futures Trading Commission.
Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities. But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other important markets.
It should be noted that the creation of official price indices will be an important step for the further development of cryptocurrency derivatives.