CEO of CME Group, operator of the world’s largest derivatives market — Terry Duffy (Terry Duffy) said that while governments will not accept crypto-currencies, large banks will be difficult to participate in the market. Duffy made his comments in an interview with Bloomberg.
On the question of whether or not bitcoin bottom, he said he was not sure. Announced the launch of cryptocurrency Coin JPM banking giant JPMorgan Duffy believes illustration of the change of institutions to the new asset class.
He recalled that although the largest U.S. Bank, initially skeptical of bitcoin, “it now offers a few suggestions.” Same goes for Goldman Sachs, said the head of the CME.
However, according to Duffy, the success of cryptocurrency depends not primarily from the involvement on the market of institutional investors.
“The key to success of any currency, whether Fiat or crypt, will be associated with the government. So I think the government should do more”, — considers the head of CME Group.
Recall that the CME launched a bitcoin futures December 2017, but contrary to rumors and did not expand the range of kryptoperidinium based on other coins. In July, Duffy has confirmed that the exchange does not intend to do that.
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