RATE Group | CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO
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CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO

27 Jul CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO

Posted at 22:33h in Cryptocurrency News by

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CME Group bitcoin futures

CME Group, the second regulated U.S. derivatives market to list bitcoin futures and by far the largest trading venue for these products, will not be listing any new cryptocurrency futures anytime soon, the firm’s chief executive said on Thursday.

Speaking with Bloomberg Television, CME Group CEO Terry Duffy said that the reputation of his firm is “too important” to him to rush into listing new cryptocurrency futures products when the exchange has not even had enough time to evaluate its bitcoin futures product, which began trading in December.

“Before we get into any other cryptocurrencies, we’re going to see how this one goes, and I think that six to eight months as a listing of bitcoin is not a good enough barometer to decide what your future should be for any other cryptocurrency,” he said. “I will not just put products up there to see where they’re going to go. I will take a wait and see approach with Bitcoin for now.”

 

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