Derivatives giant CME is big enough to do whatever it wants in crypto.
CME has dominated the market for bitcoin futures in the U.S. after its rival Cboe Global Markets shut down its similar product earlier this year.
But surprisingly, the Chicago firm isn’t planning on pushing out the latest string of newbies looking to offer newfangled derivatives.
The growth of CME’s market, which launched with much fanfare in 2017, has been “impressive” relative to the launch of other new products, Tim McCourt, global head of equity index and alternative investment products at the firm, said in the interview.
“May was a record month in terms of [average daily volumes] and June was another strong month,” McCourt said.
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As several new entrants look to break into bitcoin futures market, CME remains the sleeping giant written by Frank Chaparro @ https://www.theblockcrypto.com/2019/07/22/as-several-new-entrants-look-to-break-into-bitcoin-futures-market-cme-remains-the-sleeping-giant/?utm_source=rss&utm_medium=rss&utm_campaign=default July 22, 2019 Frank Chaparro