Terrence A. Duffy, president and CEO of the leading derivatives exchange Chicago Mercantile Exchange (CME), revealed that his firm has noticed an increase in demand for crypto products since last November.
duringinterviewMost recently, on CNBC’s Closing Bell, Duffy revealed when he was asked about the status of institutional demand for Bitcoin futures products.
The CME chief executive stated that many commentators thought that institutional interest in crypto assets would decline significantly due to the effects of both LUNA and FTX, but the opposite was true. As demand for CME crypto derivatives products has increased since November
Duffy commented that Customer trust in CME can also be a sales booster. Due to the lack of regulatory clarity in the crypto industry by regulators. This makes it possible for clients to opt for regulated markets such as the CME.
2022 is the best year in CME history.
meanwhile Despite the harsh crypto winter, CME have revealedDuring the Q4 2022 earnings conference call on Feb. 8, Last year was the best year in the company’s history. due to significant growth
Its financial products revenue grew 5.27% from 2021 to $1.21 billion. and earnings per share hit a record $1.92.
refer : LINK
The post CME Group Says Institutional Demand for Crypto Products Grows Despite Bear Market Appeared First on Bitcoin Addict.