Chicago Mercantile Exchange (CME) CEO Says No Other Crypto Futures For Now

2018-7-27 11:25

Chicago Mercantile Exchange (CME) CEO Terry Duffy revealed in an interview with Bloomberg that they will not introduce futures on cryptocurrencies other than Bitcoin in the foreseeable future.

Duffy emphasized that the company should first evaluate and develop an approach for Bitcoin, stressing that Bitcoin futures might have been the most controversial launch of a product. The CEO reiterated the company’s previous position on launching altcoin futures, having said earlier this year that listing other cryptos would be “a little irresponsible right now.”

CME, the world’s largest exchange operator, started offering Bitcoin futures in December, shortly after rival Chicago exchange Cboe Global Markets Inc. CME’s contract is five times as large as Cboe’s and trading in both contracts have been relatively modest since their introduction.

Cboe has traded 5,881 contracts a day so far in 2018, beating CME’s daily average of 3,063, according to data compiled by Bloomberg. But looked at another way, CME is winning. CME’s daily average works out to 15,317 Bitcoin daily, more than double the amount at Cboe. Bitcoin futures is a sliver of CME’s business. In the second quarter, CME’s total average daily volume was 18.4 million contracts.

Just yesterday, CME reported revenue of $1.06 billion and operating income of $667 million for the second quarter of 2018. Net income was $566 million and diluted earnings per share were $1.66. On an adjusted basis, net income was $591 million and diluted earnings per share were $1.74.

Duffy said:

“With double-digit growth in five of our six asset classes, Q2 2018 was our second best quarter ever in average daily volume, following record performance in the first quarter of 2018.”

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Цена в час новости $ 7.04541 (-100%)

futures bitcoin duffy chicago exchange cme mercantile

Источник: bitcoinexchangeguide.com

futures bitcoin → Результатов: 123


Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

2023-9-1 12:00


Bitnomial launches physically settled bitcoin (BTC) futures with up to 35% margin

Bitnomial, a U. S. -based cryptocurrency derivatives exchange company, today announced the launch of physically-settled Bitcoin futures with up to 35% margin. Initially, Bitnomial will offer trading in two quarterly contracts, Bitcoin US Dollar Futures, and Deci Bitcoin US Dollar Futures, sized for both institutions and individuals, and does not charge for market data or trading access.

2021-11-16 03:17


Bitcoin At Risk of Correction at $9.1k as U.S. Futures Hint a Sell-Off

Bitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with...

2020-5-28 14:00


дальше еще 74 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum supply up by 100,000: What about ETH's 'deflationary status'?

Ethereum loses ultrasound money status. Total supply has increased by over 100,000. Ethereum [ETH] has transitioned from being labeled “ultrasound money” due to the EIP-1559 upgrade, whiThe post Ethereum supply up by 100,000: What about ETH's 'deflationary status'? appeared first on AMBCrypto.

Signs of an altcoin season - Why we aren't in one yet?

Altcoins have performed well in a six-month window, but it does not signal an altcoin season. The Bitcoin dominance chart could see accelerated gains for altcoin market capitalization. BitcoThe post Signs of an altcoin season - Why we aren't in one yet? appeared first on AMBCrypto.

Ethereum's 28% drop: What happens if ETH's $2,850 support fails?

ETH was trading at a significant support level. Key technical indicators hint at the possibility of a continued decline in ETH’s value. Leading altcoin Ethereum [ETH] is clinging to a crucThe post Ethereum's 28% drop: What happens if ETH's $2,850 support fails? appeared first on AMBCrypto.

Ethereum ETFs see declining interest: What does it mean for the future?

Declining on-chain volume in ETH indicates waning interest ahead of ETF verdict. A financial institution predicted a delay for Ethereum ETF, but not an outright rejection. Some major events The post Ethereum ETFs see declining interest: What does it mean for the future? appeared first on AMBCrypto.

Ethereum price prediction: Is $2500 the next bearish target for ETH?

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily The post Ethereum price prediction: Is $2500 the next bearish target for ETH? appeared first on AMBCrypto.