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Chicago Exchange has no plans to launch Dogecoin futures

Late last week, Twitter began circulating information about the launch of Dogecoin (DOGE) futures on the Chicago Mercantile Exchange (CME). However, the marketplace quickly denied these rumors. As The Block clarifies, referring to the CME administration, the launch of futures trading on DOGE is not planned. Institutional investors immediately questioned the authenticity of a tweet posted by the First Squawk account about the launch of futures on the Chicago Stock Exchange. Many of them told reporters that the marketplace would alert them of a new product. Recall that CME launched Bitcoin futures in December 2017. A similar product focused on ether (ETH), the Chicago Exchange presented to investors in February this year. One of the top managers of the CME Group, Tim McCourt, pointed to the growing interest of institutions in the largest digital currencies. According to him, the trading platform is ready to satisfy the demand of large investors for innovative instruments even in the absence of cryptocurrency legislation in the United States. Dogecoin unexpectedly climbed to sixth place in the cryptocurrency rankings. Its capitalization rose on Monday, April 19, to $ 43.972 billion.

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