đăLatest developments in the blockchain industryăđ
In a fireside chat at Token2049, Tim McCourt of CME Group shared interesting phenomena about the crypto market. Although crypto ETFs have not yet been launched and policies are unclear, traditional financial institutions such as banks, hedge funds and brokers are increasingly interested in the crypto market.
McCourt revealed that since 2015, CME Group has begun to establish an index system and conduct a lot of data and research work. In the future, as the mechanism is improved, people will be able to access more ETFs, spot, futures and OTC products around crypto assets, enriching CME Group's product line.
He also pointed out that Bitcoin and Ethereum differ in their uses. Bitcoin is often used for storage, hedging and trading, while Ethereum is more used for trading, which makes Ethereum-related financial products still in the early stages. Overall, the outlook for Bitcoin remains optimistic! đ
