The Chicago Mercantile Trade (CME) has lengthy been the house of crypto for conventional finance traders, and that is unlikely to alter — even with the approval of a spot ETF.
Exercise on the CME has expanded considerably over the previous 12 months. The CME now sees extra Bitcoin (BTC) futures buying and selling than the world’s greatest crypto alternate, Binance. Open BTC curiosity on the CME now makes up 24.7% of your entire market, making it the highest Bitcoin futures buying and selling venue on the planet
Lucas Kiely is the chief funding officer for Yield App, the place he oversees funding portfolio allocations and leads the growth of a diversified funding product vary. He was beforehand the chief funding officer at Diginex Asset Administration, and a senior dealer and managing director at Credit score Suisse in Hong Kong, the place he managed QIS and Structured Derivatives buying and selling. He was additionally the pinnacle of unique derivatives at UBS in Australia.
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