CME Defends Bitcoin Futures Approach
Exchange says it will not look to increase volumes at the cost of additional risk as participants question listing process.
The Chicago Mercantile Exchange (CME) Group launched its futures contracts for bitcoin on December 17, one week after rival Cboe Global Markets debuted its own version of the contract.
While volumes have been relatively tepid since launch—coinciding with the end of a late-year bull run in bitcoin that saw its price reach over $19,000 at one point before falling to $8,950 today, according to Coinbase data—the exchange has attracted criticism from futures commission merchants (FCMs) concerned
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