Express

CME Earned $4.7 Million From Its Bitcoin Futures In Q1 2021

Mary Liu

Summary: According to The Block, CME Group earned $4.7 million in revenue from its Bitcoin futures product in the first quarter of 2021, which is higher than the entire 2020, said Senior Managing Director Sean Tully on the earnings call. Despite the success of Bitcoin futures, Tully stated that its investment threshold limits the customer base. The specification of the ...

According to The Block, CME Group earned $4.7 million in revenue from its Bitcoin futures product in the first quarter of 2021, which is higher than the entire 2020, said Senior Managing Director Sean Tully on the earnings call.

Despite the success of Bitcoin futures, Tully stated that its investment threshold limits the customer base.

The specification of the Micro Bitcoin Futures Contract to be launched on May 3 is 1/10 of the standard Bitcoin contract and 1/50 of the Bitcoin futures contract, which is expected to attract more retail and institutional customers to participate.

By Mary Liu

Last Update:

Tags: ,,
Link: CME Earned $4.7 Million From Its Bitcoin Futures In Q1 2021   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.