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

in #bitcoin7 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.

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