The Future of Cryptocurrency Trading

CME's long-term strategy is many financial products trade on blockchain or DLT, but it isn't a straight path to that becoming the common way of trading and settling across the industry. So we were thinking about like when our clients come to this asset class, the first thing they'd like to do is get some price appreciation. And that's where the CME was important. It's cash settled derivative products that many or most financial firms already have access to. The lift to enter crypto there is quite small or smaller for financial firms because you've already got the plumbing in place to deal on the CME.