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CME Considers Adding ETH Derivatives To Its Exchange
Summary: The Chicago Mercantile Exchange (CME) appears to be exploring the possibility of adding ether (ETH) derivatives to its exchange, according to Coindesk. While the U.S.-regulated exchange is widely used for trading bitcoin futures, an executive at a Singapore-based firm has revealed that CME inquired about the firm's interest in trading ETH derivatives on the exchange. However, while ...
The Chicago Mercantile Exchange (CME) appears to be exploring the possibility of adding ether (ETH) derivatives to its exchange, according to Coindesk. While the U.S.-regulated exchange is widely used for trading bitcoin futures, an executive at a Singapore-based firm has revealed that CME inquired about the firm's interest in trading ETH derivatives on the exchange. However, while CME has demonstrated past interest in ETH by offering an Ether-Dollar Reference Rate and Ether-Dollar Real Time Index in 2018, it claimed earlier this year that no new products were planned for use on the exchange. It remains to be seen whether or not the exchange has formed new plans since then.
Both traders and executives seem to be in favor of adding ETH derivatives to CME as DeFi continues to expand and as trading platform BitMEX continues to face the consequences of the U.S. CFTC's recent accusations against it.
By Isaac Goluboff
Tags: BitMEX,CME,DeFi,Ether (ETH),Ethereum
Link: CME Considers Adding ETH Derivatives To Its Exchange [Copy]
