Cryptocurrencies
Crypto Futures Expansion Won't Happen Soon, CME's Duffy Says
- Exchange head reiterates cautious approach to other contracts
- Rival Cboe has hinted at wanting to expand crypto derivatives
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CME Group Inc. Chief Executive Officer Terry Duffy said that in his nearly four decades in trading, Bitcoin futures “might have been the most controversial launch of a product” and he reiterated the company’s not in a hurry to list more cryptocurrency-related contracts.
“I will not just put products up there to see where they’re going to go,” Duffy said in an interview Thursday on Bloomberg Television. “I will take a wait and see approach with Bitcoin for now.”