CME does not plan to launch futures on altcoins due to high risks

in bitcoin •  6 years ago 

In the near future, the Chicago Mercantile exchange (CME) is not going to launch futures products on altcoins because of their volatility and novelty. This was stated in an interview with Bloomberg CEO CME group Terry Duffy .

"I do not plan to place new products on the stock exchange until I see where it all leads. Now I take a wait — and-see position," Terry Duffy said.

He also said that the December launch of bitcoin futures on CME may be one of the most controversial decisions in the entire 40-year history of the company.

Note that in may, the head of equity products and alternative investments of CME Group Tim McCord said that the exchange does not exclude the possibility of launching futures products on Ethereum.

Trade your cryptocurrency here

line steemit.png

If you liked my post please upvote & follow me.
U5dt42G4xW1EyBKDCHWEBSZLxMxDnZk.gif
vote for me.png

bitcoin spin.gif

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

they can't even make an organic corn contract... those are deep suckers, look at their city, it's a shithole, made of violence, gangs and injustices, where plants are criminalized, where a few are always bailed out... it stinks.

decentralized exchanges > death of the cme and all the others thieves.

agree