Ether Prices Extend Gains To Reach Latest Record Above $4,600

Ether Prices Extend Gains To Reach Latest Record Above $4,600

After rising to that level, the cryptocurrency was up more than 530% year-to-date, additional CoinDesk figures show. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] The digital asset climbed to its latest record price level the same day that the CME Group announced plans to offer micro futures, pending regulatory review. The introduction of these contracts will provide interested parties with one more way to hedge their risk or alternatively, speculate in an effort to generate higher returns. Andrew Rossow, an internet and technology attorney, spoke to the implications of this development. "First, it just reinforced the utility Ether futures and Bitcoin futures bring to the digital money sphere, especially for newer market participants," said Rossow. "Second, in launching micro futures, of course, pending regulatory review, this shows CME positions itself to continue serving as a leader in the derivatives market by helping alleviate hesitancy by prospective market participants to dip their feet in the water." Konstantin Boyko-Romanovsky, founder and CEO of Allnodes Inc., a non-custodial platform that provides hosting and staking services, offered a different take. "The CME has always