Bitcoin futures contracts analyzed coldly, says CEO of CME

172 0
The digital currency community was expecting a booming success of Bitcoin futures on the Chicago Mercantile Exchange ( CME ) and the Chicago Board Options Exchange ( CBOE ), but institutional investors did not seem to get so excited about the idea. The price of the world's most famous digital currency that peaked at $ 20,000 before launch now sails around $ 7,300.

Did the stock markets rush to launch these financial products? CME CEO Terry Duffy said in a recent interview that the decision was taken to bring to the financial market a proven innovative technology.

Answering the questions of Bloomberg presenter Scarlet Fu, the executive assured that the efforts of other major players, such as Goldman Sachs, to try to undermine Bitcoin were not enough. "We spend a lot of time talking to our customers about our products and educating them. The self-certification process is one of the reasons we put digital currency into the market quickly, "said Duffy.

Questions about self-certification have surfaced in recent weeks given the drop in the price of crypto-coins.

According to him, the product "CME's Bitcoin futures contracts" did not need to undergo a six-month review. Duffy also pointed out that the stock exchange does not have the same operating model as the Securities and Exchange Commission declaring: "We are different. We work in collaboration with the regulatory agency because of the unique nature of this product. "
Tight competition

CBOE was the first to list Bitcoin futures contracts, but CME launched its financial product the following week, a fact that was considered a kind of validation of the legitimacy of the digital currency.

Duffy still defended the future contracts of Bitcoin:

"This product has existed for nine years, that is, it did not come up yesterday. Volatility in traditional markets has been low. And what does not have low volatility? Bitcoin . People want something more volatile. Everyone is talking about Bitcoin , "he said.

The executive also stated that CME is not in this business to raise market risks but rather to help its clients manage it.
Will you go or not?

The CEO of CME believes that the key is to be patient and analyze all points of the product before launching and this was done in the case of the bag that he commands. Growth (in the value of products and Bitcoin ) must come, however in a measured way and without rushing to make exponential profits.

Duffy continues to bet on Bitcoin futures and other technology related to it, but will institutional investors wait patiently for the return of the positive wave?
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出