Cryptocurrencies
CME Takes Cautious Stance Toward Crypto-Futures Besides Bitcoin
- CEO Terry Duffy says exchange would ‘need to learn more’
- Contrasts with rival Cboe’s openness to other such products
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CME Group Inc. doesn’t plan to offer futures based on cryptocurrencies other than Bitcoin any time soon, in contrast to rival Cboe Global Markets Inc.’s openness to the idea.
The world’s largest exchange owner introduced Bitcoin futures in December, a week after Cboe got into the market. According to CME CEO Terry Duffy, digital currency markets are polarizing and unpredictable enough that his company is going slowly.