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CME eyes 'much wider potential customer base' with next week's micro bitcoin futures launch

CME eyes ‘much wider potential customer base’ with next week’s micro bitcoin futures launch

CME Group execs discussed the firm’s bitcoin futures offerings during an earnings call on Wednesday, with next week’s expected launch of micro bitcoin futures predicted to open the door to a potentially wider customer base. According to a published transcript, CME brought in $4.7 million in revenue from its bitcoin futures offering. Senior managing director …

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$166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund

$166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund

Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show. The quantitative analysis-heavy firm has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled bitcoin futures market, according to the March 30-dated Form ADV investor brochure.  Renaissance, which had nearly $166 billion in regulatory assets under management …

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