CEO of CME Group Terry Duffy (Terry Duffy) said that the operator of the world’s largest futures exchanges in the near future plans to offer new contracts on the basis of any cryptocurrency besides bitcoin.
“In the nearly four decades of trading futures bitcoin may have become the most controversial product launch. I’m not just creating products, to see where they are going to move. I’ll wait and while you watch the bitcoin,” said Duffy.
According to the head of CME Group, the cryptocurrency markets are polarized and rather unpredictable, so his company is moving slowly. He stressed that he personally owns bitcoin, but believes that the cryptocurrency could change the future of Finance.
“We don’t see huge threads and that’s fine. Anyway, it will take some time, and we do it right,” added Terry Duffy.
CME Group launched futures trading in bitcoin in December last year after its rival — the Cboe. Almost immediately there were reports that the two largest exchanges for financial derivatives are preparing to launch futures contracts on Ethereum and Litecoin.
In June, the Commission on securities and exchange Commission (SEC), the United States said it did not believe Ethereum securities. Commenting on the decision of the regulator, Cboe President Chris Concannon (Chris Concannon) said that SEC removed the last obstacle to the launch of futures on Ethereum and confirmed that the exchange had planned this December.