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00:00THE EUROPEAN UNION AND OTHER PLACES. I THINK THAT IS EXCITING FOR THE ENERGY BUSINESS AND IT DOES CONTINUE TO EVOLVE. SO THE FRACKING THAT HAS GONE ON HERE IN THE U.S. HAS ALLOWED US TO BECOME MUCH MORE ENERGY INDEPENDENT AND ALLOWS US TO EXPORT A PRODUCT THAT WE NEVER HAD IN THE QUIVER OF PRODUCTS BEFORE. CAROLINE: LET ' S TALK ABOUT THE BITCOIN FUTURE YOU HAVE AND I ' M LOOKING AT HOW WE ARE SEEING AN INCREASE IN THE FUTURE VOLUMES AND THEY HAVE BEEN PICKING UP OF LATE. BACK UP TO THE $8,000 MARK. WHERE DO YOU SEE THIS PRODUCT GOING? DO YOU SPAM THIS ACROSS OTHER FUTURES? TERRENCE: I ' M GLAD YOU DIDN ' T ASK ME ABOUT WHERE THE PRICE IS GOING AND YOU LAST THE ABOUT THE PRODUCTS THAT GO ALONG WITH IT. RIGHT NOW -- AS YOU KNOW -- AND I HAVE BEEN CLEAR ABOUT THIS, IN MY 38 YEARS IN THIS INDUSTRY, IT MIGHT HAVE BEEN THE MOST CONTROVERSIAL LAUNCH OF ANY PRODUCT I ' VE SEEN. THAT BEING SAID, I HAVE EXTREMELY HIGH MARGINS ON THIS. I DON ' T WANT THE AVERAGE PERSON WHO HAS NEVER PARTICIPATED TO BE TRADING CME BITCOIN FUTURES BECAUSE IT IS HIGHLY VOLATILE. WE HAVE A LOT OF CONTROLS ON IT. AND BEFORE WE GET INTO ANY OTHER CRYPTOCURRENCIES IN THE FUTURE, WE WILL SEE HOW THIS GOES. 6-8 MONTHS ON THE LISTING OF BITCOIN ISN ' T GOOD ENOUGH TO DECIDE WHAT YOUR OTHER LISTING SHOULD BE ON ANOTHER CRYPTOCURRENCY. THE CREDIBILITY OF THIS INSTITUTION IS IMPORTANT TO ME. SO I WILL NOT JUST PUT PRODUCTS UP THERE TO SEE WHERE THEY ' RE GOING TO GO. I WILL TAKE THE WAIT-AND-SEE APPROACH WITH BITCOIN NOW. CAROLINE: WHAT ARE YOU SEEING? TERRENCE: ON THE CRYPTO? CAROLINE: IN TERMS OF THE BITCOIN. TERRENCE: IT ISN ' T CENTRALLY LOCATED OUT OF ONE AREA OR ANOTHER. IT COMES FROM MULTIPLE DIFFERENT DIRECTIONS. BUT WE ARE NOT TALKING ABOUT DRAMATICALLY HIGH VOLUME. CME TRADES A TEAM .5 MILLION CONTRACTS TODAY AND WE HAVE A COUPLE THOUSAND IT QUINN CONTRACTS TODAY. WE ARE NOT TRADING A LOT OF THESE CONTRACTS. OURS IS LARGER SO HOURS ARE MUCH BIGGER CONTRACTS. THE POINT IS, WE ARE NOT SEEING HUGE -- REGARDLESS. THAT ' S OK. I THINK IT ' LL TAKE SOME TIME. BUT THE FLOWS ARE COMING FROM DIFFERENT PARTS OF THE WORLD. VONNIE: THE EUROPEAN UNION HAS PLANNED FOR MORE OVERSIGHT OVER

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No Rush for More Cryptocurrency Futures at CME, CEO Duffy Says

Terry Duffy, chairman and chief executive officer at CME Group, discusses the performance of its Bitcoin futures listing and the possibility of adding further cryptocurrency products. He speaks with Bloomberg's Vonnie Quinn and Caroline Hyde on "Bloomberg Markets." (Source: Bloomberg)

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