Loading ...“If the Chicago Mercantile Exchange or any other clearing organization clears a cryptocurrency together with other products…”
Complete, utter, ignorant BS!
This is the great fallacy of the financial wizards who do not fully understand how bitcoin works, and want to control it like a common commodity. THERE CAN BE NO EXCHANGE “CLEARING” BITCOIN TRANSACTIONS! Each and every worldwide BTC transaction is peer-to-peer and ‘self clearing’. No exchange has control of a BTC purchase in China or Russia.
An exchange may buy and sell BTC like any other individual or business, but it will only be a small part of the whole. It is a CASH market, self-clearing…. not a leveraged paper game on one exchange.