Eurex to Launch Crypto Futures

Bitcoin, Ethereum and Ripple futures will be launched by Eurex, world's biggest derivates exchanges, managed by Deutsche Borse
22 February 2019   695

The Eurex financial derivatives platform, managed by Deutsche Börse, the largest German stock exchange, is preparing to launch Bitcoin, Ethereum futures and Ripple XRP token futures. This is reported by The Block.

Eurex has been closely following the cryptocurrency market since 2017, exploring opportunities to launch cryptoactive assets futures. The company also recently held a series of meetings with various representatives of the industry. The exact timing of the launch of new products is still unknown.

Eurex is one of the world's leading derivatives exchanges. It was established in 1998 as a result of the merger of the Deutsche Terminbörse German Stock Exchange Derivatives and Swiss Options and Financial Futures.

There are a lot of various futures contracts on the exchange, which are derivative financial instruments from stocks, stock indices, bonds, volatility indices, credit and interest derivatives. Access to trading on the Eurex is provided from different points of the globe.

Additionally, Deutsche Börse is preparing the launch of a blockchain platform for securities based on Corda technology.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   974

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.