Chicago-based commodity exchange CME Group plans to diversify its futures contracts for crypto investors.
Payal Shah, who oversees CME’s work on cryptocurrencies, attended an event this week. to altcoins Some of the futures contracts started to investigate told.
According to Shah’s statements, CME Group, including Solana (SOL) and Cardano (ADA) started valuing a group of altcoins.
Investors are already using the services of CME Group. Bitcoin (BTC) and Ethereum (ETH) They can trade futures contracts.
The Chicago stock market plans to expand this product line. However, according to Shah’s statements, whether this spectrum will expand or not, depending on whether some problems related to price index and legal regulations can be resolved or not. will be.
CME Group in the price indices it uses for bitcoin and ether contracts from five different major exchanges pulling data.
According to the information provided by Shah, CME Group’s for different altcoins In order to provide services, some clearing legal uncertainties will be needed.
The U.S. Securities and Exchange Commission (SEC) has so far only declares bitcoin and ether not securities and other cryptocurrencies remain uncertain.