CME unlikely to add altcoin futures soon

Posted 27 July, 2018

The Chicago Mercantile Exchange stated that it would not launch crypto futures except for bitcoin ones in the near future.

As said the CEO at CME Terry Daffy, it is necessary to asses and develops the approach to bitcoin, and crypto futures "might have been the most controversial launch of a product”. 

Besides, he added that the launch of futures altcoin is not an easy task as they are highly volatile assets. CME cannot list products only to monitor their further movements. 

As a result, Daffy's statements only confirm CME position towards the launch of altcoin futures. Notably, earlier he said the launch of such product would be somewhat reckless move.

However, CME, one of the major trading platforms, commenced bitcoin futures trading in December 2017, following the similar move of CBOE. CME is taking preventive measures, whereas the platform's main rival is watching for other markets. 

“We’re not seeing huge flows regardless and that’s OK...This is going to take some time one way or another and we’ll do it the right way,” noted Daffy. 

As commented CBOE representative, they are striving to secure the required infrastructure in case of possible addition of other coins. 

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27 July, 2018 16:26

← Monex Group announces US-based trading platform

A brokerage company and owner of Japan's Coincheck exchange – Monex Group – has revealed plans to launch a trading platform in the USA. The company is going to open TradeStation Crypto within its TradeStation business. Specifically, Monex acquired TradeStation back in 2011. The new division will be focused on cryptocurrencies and securities brokerage activities.

Monex Group announces US-based trading platform

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27 July, 2018 14:24

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