Bitcoin debuted on the world's largest futures exchange on Sunday. CME Group launched their Bitcoin Futures, a move that further promotes and brings attention to the cryptocurrency craze. Tim McCourt is the global head of equities and alternative investments at CME Group, and he joins Cheddar to explain CME Groups decision to launch the BTC Futures. McCourt explains that investors were eager to work with the crytocurrency and CME wanted to help facilitate that. After the initial launch, the BTC Futures saw a lot of action. According to CME Group, more than 1,000 contracts were traded with a value of more than $100 million, and there were nearly 100 market participants across all regions.

Share:
More In Business
Get an Early Look at the New York Auto Show
U.S. Nissan head Jérémie Papin joins from the New York International Auto Show to give a preview of what’s to come from the carmaker – including the 2025 Nissan Kicks.
Use A.I. to Never Have a Bad Hair Day Again
Candace Mitchell Harris discusses her path from computer scientist to founder of beauty tech tool MYAVANA – and how it uses A.I. to analyze each person’s unique haircare needs.
Load More