Ethereum (available on Coinbase) [ETH] Futures – Crypto Facilities, a U.K-based cryptocurrency trading platform, announced this morning that it would be launch Ethereum (available on Coinbase) futures later today. The official statement reads:

“The first Ethereum (available on Coinbase) futures to be offered by a regulated firm, the products will enable market participants to take a long or short position in the cryptocurrency, allowing them to broaden investment opportunities and manage risks more effectively.”

Crypto Facilities provided support for the CME Bitcoin (available on Coinbase) futures that launched in December of last year. Chicago-based Akuna Capital will be providing liquidity for these Ethereum (available on Coinbase) futures contracts.

“The addition of a futures product enables crypto traders to take both long and short positions in ETH and is another giant leap in the development of the crypto asset class,” says Toby Allen, head of Digital Assets at Akina Capital.

Crypto Facilities will also be working with B2C2 to back up its new futures contracts.