Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.
The CME micro options for Bitcoin and Ether finally have gone live which will encourage investors with smaller wallets to participate in the crypto derivatives trading.
Google will also benefit from the deal as it gives the company a hedge in the financial services sector.
The advent of the Micro Ether Futures from CME Group is a move in the right direction towards attracting mainstream financial traders into the digital currency ecosystem.
Bloomberg’s senior ETF strategist notes that there are high chances of Bitcoin ETF approval in the US this month. It looks like this could be a major trigger to the next bull run.
The expectations of Dogecoin futures from the CME might be attributed to the launch of similar products by some major cryptocurrency exchanges.
Considering the fact that the crypto industry has been on a general bullish run recently, it is possible to assume that the value of Ethereum would break the $2000 level even before the end of the week.
The CME Group’s Ether Futures is one of the many crypto products set to go live in 2021.
While the entire investing terrain seems marred by the COVID-19 pandemic, there are some stocks that still attract investors.
Renaissance, which had nearly $166 billion in regulatory assets under management at the end of 2019, has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled Bitcoin futures market.
The CME Group board of directors nominee has suggested that venturing into Bitcoin mining will help to create additional revenue streams for the shareholders.