TMX Group, Canada’s largest exchange operator, plans to launch its first cryptocurrency futures product.
CEO of TMX Group John McKenzie, February 8 on Reutersin an interview with the willingness of institutional investors to balance the risks of trading in crypto, a relatively new asset class. in response first cryptocurrency futures product He said they plan to launch it.
currently Toronto Stock Exchange’listed in 17 cryptocurrency exchange-traded funds (ETFs) company located, new product in this year Montreal Stock ExchangeIt is considering launching it in .
CEO of TMX Group John McKenzie;
More institutional investors hold more crypto assets in their portfolios, ETFs, or for their clients. There is a lot of volatility in crypto so they are looking at how to manage that risk.
said.
Saying that TMX does not model its futures product against any other offering, but current regulations on futures products should cover this, McKenzie said the company has no plans to offer the new product to individual investors.
Canadian investors and companies as a response to his growing interest in crypto launching new product TMXIn addition to , an independent audit firm at the beginning of the week KPMG‘s Canadian branch also added to its balance sheet Bitcoin (BTC) and Ethereum (ETH) he had added.
KPMG Canada Adds Bitcoin and Ethereum to Its Balance Sheet
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