CME CEO remains optimistic about crypto despite sell-off

02/09 10:23

According to U.Today, CME Group CEO Terry Duffy remains optimistic about the future of the cryptocurrency market in spite of the devasting sell-off that took place in 2022. In a recent interview, Duffy said that the Chicago-based trading giant actually saw an uptick in trading interest: "It's really been interesting what has been going on with Bitcoin," Duffy said. "We saw what happened at the end of the year with some of the issues going on in the industry. The whole crypto industry suffered and then we saw an uptick in our open interest in November-December, and it's continuing on here." Despite the challenges facing the crypto market, Duffy believes that the regulated market is gaining traction. "If we're going to trade that thing, we're going to trade it on a regulated exchange like CME. So we've actually seen an uptick in our crypto products. So, we're quite pleased by that," he said.
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