Ethereum has spiked by about 10 percent over the last 24 hours following speculation that the U.S. Commodity Futures Trading Commission (CFTC) may be ready to approve ETH futures trading.

CFTC Open to Ethereum Futures Trading

Ethereum 00, the second-ranked cryptocurrency by market capitalization is currently trading at $175; a 10 percent spike in the last 24 hours. This surge comes amid reports that the CFTC might grant approval for an ETH futures trading product.

On Monday (May 6, 2019) a senior official of the Commission who wished to remain anonymous revealed that the CFTC is open to the idea of approving ETH futures trading. Such a move would Ether trading being made readily available to the broader institutional trading arena in the U.S.

Commenting on the matter, the anonymous source…

Click to continue reading on its source location…