Last month, the Chicago Mercantile Exchange (CME) saw a significant increase of 35% in its trading volume to reach $94.9 billion, the highest level since October 2021. The surge coincided with the U.S. Securities and Exchange Commission's (SEC) approval of spot Bitcoin exchange-traded funds (ETFs).
Bakkt, a cryptocurrency platform and payments app launched in 2019 with backing from the Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), has recently raised concerns about its financial viability.
The Hong Kong General Chamber of Commerce (HKGCC) has submitted proposals for the local government's next budget, advocating for the issuance of stablecoins tied to the Chinese yuan.
Top stories in the Crypto Roundup today:
- CME’s Crypto Derivatives Trading Volumes Hit Record High
- Crypto Firm Bakkt Reveals Financial Woes, Eyes Public Markets to Fund Its Future
- Hong Kong Chamber of Commerce Calls for Issuance of Stablecoins Linked to Yuan and Other Fiat Currencies
- Digital Asset Spot Volumes Rise for the Fourth Consecutive Month