In recent news pertaining to cryptocurrency exchanges, the CEO of Chicago Mercantile Exchange (CME) has indicated that the company has no intentions of introducing derivative markets for alternative cryptocurrencies in the near futures; Waves’ decentralized exchange was hacked upon launch; and the founder Pakcoin has attributed Pakistan’s slow rate of cryptocurrency adoption to low literacy rates.
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CME CEO Extinguishes Rumors of Altcoin Futures
The chief executive officer of CME, Terrence Duffy, has indicated that the company has no plans to introduce derivatives markets for additional cryptocurrencies.
Mr. Duffy stated that he “will take a wait and see approach with [BTC] for now, adding “I will not just put products up there to see where they’re going to go.” Mr. Duffy also emphasized that cryptocurrency futures contracts are “highly volatile and new.”
In an interview in March, Dennis O’Callahan, the director for product development of Chicago Board Options Exchange, responded to a question concerning whether CBOE was exploring listing derivative markets for other cryptocurrencies, stating: “Being in product development our task is to look for new products all the time, so we are constantly evaluating that market, and we are evaluating other cryptocurrencies too, among other items. But we have seen how Bitcoin has worked, so we are definitely monitoring other termarkets to make sure that the infrastructure and everything is in place in case we want to pursue other cryptocurrencies.”
Waves’ DEX Gets Hacked Upon Launch
Earlier this week, Waves officially launched its decentralized exchange following a year-and-a-half-long beta period. The Waves DEX reportedly facilitated $6 million worth of cryptocurrency transactions at the conclusion of its beta testing, surpassing the daily volume of many rival decentralized exchanges. The company claimed
