As several new entrants look to break into bitcoin futures market, CME remains the sleeping giant
July 22, 2019, 6:49AM EDT · 4 min read
Quick Take
- Chicago-based CME Group has witnessed strong growth in its bitcoin futures market
- A number of startups are looking to step on CME’s turf with their bitcoin futures, although smaller rivals may struggle to compete with its size and scale
- It doesn’t look like CME is launching any new crypto products in the short term, welcoming new competition
Derivatives giant CME is big enough to do whatever it wants in crypto. CME has dominated the market for bitcoin futures in the U.S. after its rival Cboe Global Markets shut down its similar product earlier this year. But surprisingly, the Chicago firm isn’t planning on pushing out the latest string of newbies looking to […]
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