Terry Duffy , CEO of The Chicago Mercantile Exchange ( CME ) , has revealed the firm will not introduce futures on cryptocurrencies other than bitcoin ( plc ) in the near future . In a recent interview , Duffy made clear the need to develop an exchange for plc ; the induction of bitcoin trading at CME was a highly controversial issue in itself . He sees altcoins as a highly volatile and therefore an unattractive option for the exchange right now . Meanwhile , CME 's biggest competitor CBOE , which offers bitcoin futures a week before it , is ' “ definitely targeting other markets ” , CBOE ’s Dennis O'Callahan revealed .
Terry Duffy, CEO of The Chicago Mercantile Exchange (CME), has revealed the firm will not introduce futures on cryptocurrencies other than bitcoin (BTC) in the near future. In a recent interview, Duffy made clear the need to develop an approach for bitcoin; the induction of bitcoin futures at CME was a highly controversial launch in itself. He sees altcoins as a highly volatile and therefore an unattractive option for the exchange right now. Meanwhile, CME's biggest competitor CBOE, which launched bitcoin futures a week before it, is '“definitely monitoring other markets”, CBOE’s Dennis O'Callahan revealed.