The Chicago-based trading venue operator CME Group has no plans to launch a Dogecoin futures product

Faced with the strong Dogecoin price storm in recent days, quite a few financial institutions are on the verge of listing DOGE-related products. However, before many questions of the crypto community, the Chicago-based trading venue operator CME Group has no plans to launch a Dogecoin futures product.

The Chicago-based trading venue operator CME Group has no plans to launch a dogecoin futures product

Chicago-based CME Group has no plans to launch the Dogecoin futures product.

This is an official announcement to refute rumors from the popular Twitter account First Squawk.

Later, a few people familiar with the situation confirmed that no such product was released. CME, which has been offering bitcoin futures since 2017, declined to comment. However, CMR staff also noted that CME has never updated them on such a product.

A transaction executive said:

“No one from CME had asked us about it. Usually, they give us a look.”

Some market observers have drawn a link between the headline spread and the market’s crash this weekend and the series of futures liquidations.

Dogecoin has slumped in recent trading sessions, showing a market cap of over $ 40 billion, and the meme-themed cryptocurrency has been spread by billionaire investors like Elon Musk and Mark Cuban. Robinhood said that dogecoin-related activity on its platform caused a temporary disruption.

At press time, DOGE is trading at around $ 0.331, up 30.22% over the past seven days. According to statistics from CoinMarketCap, over the past seven days, DOGE has increased by 362%.

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