CME Isn’t Adding Altcoin Futures Contracts Soon, CEO Terry Duffy Terry Duffy, CEO of the Chicago Mercantile Exchange (CME), revealed that the exchange platform isn’t going to add Altcoin futures contracts anytime soon. He stated that the exchange is presently taking a “wait and see” approach on the same. The CME is one of the world’s largest crypto exchanges. Terry Duffy during an interview said that Bitcoin futures contracts have been the most controversial launch of a product that he has seen in his four decades spent in the crypto trading business. He added that he does not believe in simply putting products up there to see where they would go. Instead, he said he would like to adopt a wait and see approach with Bitcoin as of now. Shortly after its rival, the Chicago Board Options Exchange (CBOE) listed Bitcoin futures contracts, the CME too introduced the product on its platform. CME’s futures contracts are five times larger than those that CBOE trades in. As reported in the CryptoGlobe, the average trading volume of CME’s Bitcoin futures grew by around 93 percent over the previous quarter. With the rate of open interest (OI), the number of open contracts has been growing by around 58 percent to exceed by 2,400 in this quarter. However, Duffy doesn’t seem to be affected by the trading volume as his words seemed to indicate that he is betting on Bitcoin futures for the long-run. He also revealed that he does not want derivatives novices to trade BTC futures since they are new and highly volatile. The CBOE, on the other hand, hinted that it is looking forward to expanding its cryptocurrency futures offering. This potentially means that Altcoin futures contracts are coming. CBOE and CME are both among the biggest crypto exchanges in the world. However, they are not the only ones offering cryptocurrency futures contracts. It is worth noting that Bitcoin’s price dipped from an all-time high of $20,000 when both CBOE and CME listed BTC futures. The post CME Isn’t Adding Altcoin Futures Contracts Soon, CEO Terry Duffy appeared first on OWLT Market.

Terry Duffy, CEO of the Chicago Mercantile Exchange (CME), revealed that the exchange platform isn’t going to add Altcoin futures contracts anytime soon. He stated that the exchange is presently taking a “wait and see” approach on the same. The CME is one of the world’s largest crypto exchanges.

Terry Duffy during an interview said that Bitcoin futures contracts have been the most controversial launch of a product that he has seen in his four decades spent in the crypto trading business. He added that he does not believe in simply putting products up there to see where they would go. Instead, he said he would like to adopt a wait and see approach with Bitcoin as of now.

Shortly after its rival, the Chicago Board Options Exchange (CBOE) listed Bitcoin futures contracts, the CME too introduced the product on its platform. CME’s futures contracts are five times larger than those that CBOE trades in.

As reported in the CryptoGlobe, the average trading volume of CME’s Bitcoin futures grew by around 93 percent over the previous quarter. With the rate of open interest (OI), the number of open contracts has been growing by around 58 percent to exceed by 2,400 in this quarter.

However, Duffy doesn’t seem to be affected by the trading volume as his words seemed to indicate that he is betting on Bitcoin futures for the long-run. He also revealed that he does not want derivatives novices to trade BTC futures since they are new and highly volatile. The CBOE, on the other hand, hinted that it is looking forward to expanding its cryptocurrency futures offering. This potentially means that Altcoin futures contracts are coming.

CBOE and CME are both among the biggest crypto exchanges in the world. However, they are not the only ones offering cryptocurrency futures contracts. It is worth noting that Bitcoin’s price dipped from an all-time high of $20,000 when both CBOE and CME listed BTC futures.

The post CME Isn’t Adding Altcoin Futures Contracts Soon, CEO Terry Duffy appeared first on OWLT Market.

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