Terry Duffy, CEO of the futures market Chicago Mercantile Exchange (CME) Group, said that despite the huge decline in Bitcoin (BTC) and crypto money market, he is positive about the development of the industry.
Terry Duffy, CEO of CME Group, recently in a statement he gavestated that the Bitcoin and crypto money market is going through a very difficult period in 2022. Especially in terms of ecosystem significant losses Duffy, who pointed out that the serious stated that he was affected in some way. However, the CEO said that despite what happened, the crypto products on the CME increased interest and therefore, in the future, Bitcoin and crypto money market to its potential opposite in anticipation said that.
Especially last year November And December Cryptocurrency products listed on CME open position Referring to the increases, the CEO said that the increases January And February in the months going on conveyed. People especially registered And regulated been taken stock markets Stating that he believes he is looking for the market, Duffy said that the general struggle in the market is regulated exchanges. in favor stated that it is progressing. Saying that they are very satisfied with this situation, the CEO used the following statements on the subject:
If we are going to trade Bitcoin or cryptocurrencies, we will do it in a regulated market like the CME. We’re clearly seeing an increase in demand for our cryptocurrency products, and we’re pretty happy about it.
Another issue that Duffy touched on in his speech was US Federal Reserve (FED) possible interest rate decision. Duffy, the Fed’s 70% likely 25 bases Despite a surprising decision, he stated that he would increase interest rates by points. prepared argued that it should.