Terry Duffy, the head of exchange giant CME, is defending a new bitcoin futures product the firm is preparing to launch by the end of the year.
The exchange operator told the Financial Times that the new product, which will allow traders to bet on the future price of the cryptocurrency, will take into consideration the extreme price swings of bitcoin.
“Listen, it’s no mystery, this is a different product,” Duffy told the FT. “We want to get out something that’s safe.”
