News reports tell that SEC has delayed the decision on Ethereum ETF Options yet again. Most of the crypto outlets are frustrated over this but we decided to look at it from a less critical point of view. Is it possible that SEC’s Ethereum ETF Options Delay isn’t that bad?
Let us examine that here at USA Fintechzoom.com Crypto analysis.
The world of cryptocurrency is full of scams, losses, security-breaches and concentration of wealth despite it being a contradiction to the concept of decentralization.
As per a new report, Coinbase just crossed $420,000,000,000 in assets and CEO Brian Armstrong ranked the exchange among top US banks. That is big! So, for a currency based on decentralization, this seems like pretty centralized to me.
The speed at which we saw crypto growing in recent times, it hasn’t given a chance to regulators at all. And with many exchanges just vanishing assets like WazirX in India, Luna losing all the value and then the popular FTX scam ruining so many lives, it isn’t bad that SEC is taking time to make a decision on Ethereum ETF Options.
Given the current state of the crypto market, the SEC’s delay in approving options trading on Ethereum ETFs may be a prudent move. It provides time to make the technology better, security stronger and the market more evaluated.
I don’t think there is that big of an issue. Yes, Blackrock wants it to happen quick, Grayscale wants it to happen right now but to all the small-time traders and investors, this delay might give them a chance to educate themselves better.
And it’s kind of important!
(image source:unsplash.com/@kanchanara)
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