CME Group, known for its derivatives trading, has revealed plans to introduce
Bitcoin spot trading, aiming to leverage increasing Wall Street demand. The move is set to bring direct competition to traditional platforms such as
Coinbase and
Binance. In addition to the cryptocurrency sector, CME has performed well across multiple areas, making noteworthy records in
U.S. crude oil futures and hitting an
international average daily volume quarterly record of 7.4 million contracts in Q1 2024. A surge in U.S. Treasuries-related derivatives demand has also contributed greatly to the company's profits. CME continues to innovate, announcing an upcoming launch of
Micro Euro-denominated Bitcoin and Ether futures, and details plans to introduce longer-dated event contracts and U.S. Corporate Bond Index futures in 2024. Financial performances reveal the firm's strong market position with record
Annual ADV of 24.4 million contracts in 2023 and a promising FY2025 EPS estimate by Zacks Research. CME has also extended its Chairman & CEO, Terry Duffy's employment agreement till 2025, indicating its strategic planning and leadership continuity for future growth.
Cme Group CME News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Sun, 19 May 2024 12:56:39 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 5
