The Financial Times had reported that CME was preparing a US$16bn bid for the operator of its Chicago rival, which owns the Chicago Mercantile Exchange.
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Regulated exchanges and custodians for digital assets and cryptocurrencies will continue to launch this year according to the top five predictions for the sector by GMEX Group, a set of companies that provide technology for new digital markets.
GMEX said in a report that traditional exchanges will seek to digitally transform and form partnerships due to growing interest in digital asset trading from both retail and institutional investors. In addition, traditional custodians will look to develop digital custody service offerings.
“The key will be how they avoid replicating old, silo-based models to truly embrace the digital revolution, “ added GMEX. “Expect regulation to be front of mind to enable all of this, in both key individual jurisdictions as well as standards development across jurisdictions.”