AnalysisCryptocurrency news

Will CME Launch Dogecoin (DOGE) Futures?

Will CME Launch Dogecoin (DOGE) Futures?

We can easily state that the most talked about crypto currency lately is Dogecoin. However, it is very important to disregard every news about Dogecoin (DOGE) and to do research on the subject.

CME Will Not Launch Dogecoin Futures

Yesterday, a Twitter user named First Squawk claimed in a post that the Chicago Mercantile Exchange is preparing to launch Dogecoin futures. However, according to The Block, CME Group does not have such a plan.

According to information obtained from sources familiar with the subject, such a situation or plan is out of the question. CME, which has been bringing Bitcoin futures to investors since 2017, has not made any official statement on the issue.

In addition to these, investment managers also stated that they do not have any information on the subject. According to the statements made, an investment manager stated that there are no moves from CME on the subject and that CME generally took the opinion before such steps .

Market Decline and Speculation

A Twitter post is thought to be behind the market drop on Sunday. Some users on Twitter alleged that the US Treasury Department was preparing to take action against several financial institutions that launder money using cryptocurrencies.

In addition to these, Dogecoin grew tremendously in terms of price in 2021, and the cryptocurrency known as the joke coin reached the level of $ 0.45. It is stated that this increase in DOGE is the sharing of globally important names such as Elon Musk.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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