Is This Great News For Crypto Currency?

gduran (70) in bitcoin • 7 years ago (edited)

I just read this from an email I wonder if it is true, if it is, it will be great for crypto:

In short, one of the largest trading platforms announced
that it will soon allow cryptocurrency derivatives –
a major stamp of approval for cryptocurrencies.

As Bloomberg reports:

"The world's largest exchange owner [CME Group] reversed course today
and said it plans to introduce Bitcoin futures by the end of the year,
only a month after dismissing such a plan."

According to this it is very difficult for bank managers, pesions and other managers to invest in crypto currency due to how volatile this market is. So these guys really have to think it over to invest in crypto.

With this announcement everything changes, and supposedly this was the main cause for the rebound in the price of Bitcoin today.

Don't know if it is true, I do hope it is for the benefit of everyone who has some interest in crypto.

bitcoin cmegroup crypto investment busy

7 years ago by gduran (70)

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zoltanbristol (59) · 7 years ago

This is the way they must go. If they do not want to miss out. Great post.

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2 votes

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vintherinvest (63) · 7 years ago

Could go both ways... not always an advantage when Wall Street get's involved...but still, I guess mass-adoption is the key word!

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minnowpond (62) · 7 years ago

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