Chicago Mercantile Exchange CEO Extinguishes Rumors Of Altcoin Futures

The CEO of Chicago Mercantile Exchange, Terrence Duffy, has shown that the company has no plans to present derivatives markets for extra digital currencies.

Mr. Duffy expressed that he “will take a wait and see approach with [BTC] for now, adding “I will not just put products up there to see where they’re going to go.”

Mr. Duffy also emphasized that cryptocurrency futures contracts are “highly volatile and new.”

In an interview in March, Dennis O’Callahan, the director for product development of Chicago Board Options Exchange, reacted to an inquiry concerning whether CBOE was exploring listing derivatives markets for different digital currencies, stating:
“Being in product development our task is to look for new products all the time, so we are constantly evaluating that market, and we are evaluating other cryptocurrencies too, among other items. But we have seen how Bitcoin has worked, so we are definitely monitoring other markets to make sure that the infrastructure and everything is in place in case we want to pursue other cryptocurrencies.”


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