FTX Mayhem Fails to Scare Futures Exchanges Away From Crypto
- CME and Cboe are sticking to trading in crypto futures
- CME’s Duffy says ‘one bad actor’ won’t change his firm’s plans
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Even as some of Wall Street’s old guard has an “I-told-you-so” moment after the collapse of Sam Bankman-Fried’s FTX, futures exchanges aren’t giving up on crypto.
CME Group Inc. Chief Executive Officer Terry Duffy, who has been one of Bankman-Fried’s fiercest critics, said he won’t stop crypto-futures trading just because of “one bad actor.” Cboe Global Markets, another Chicago exchange, and software provider Trading Technologies also recommitted to digital assets in the wake of the FTX meltdown.