While wondering what else could happen, the Chicago Mercantile Exchange said “more is always possible” and is issuing its own cryptocurrency. We were used to US exchanges’ integration steps with cryptocurrency-based products, tokenized assets, and blockchain. Now an exchange is issuing its own token. Its name will be CME Coin.
CME Coin
According to Coindesk news, CME Group will launch its own token. This plan, which emerged in response to a question asked by Morgan Stanley’s Michael Cyprys during the company’s last earnings call, was about the role of tokenized collateral. CME Group CEO Terry Duffy he said;
“So I would feel more comfortable issuing a token from a systemically important financial institution than a third- or fourth-tier bank trying to issue tokens for margin.
“We are looking at not only tokenized cash, but also different initiatives with our own coin.”
CME will also obtain custodial bank permits for the tokenized cash solution they are working on with Google. The “own coin” that Duffy is referring to appears to be a different token that the company could “put on a decentralized network for use by other participants in the industry.”
It plans to launch 24/7 cryptocurrency futures trading in the second quarter of this year. CME It hosts transactions worth $12 billion daily. JPMorgan’s JPM Coin Then CME also issues its own token. We will probably see every major company issue a token in the coming years. It is a good development for cryptocurrencies that the metaverse craze at the end of 2021 has now opened the token issuance mode with the atmosphere of “we are tokenized, we keep up with the current situation”. At least it will bring more benefits to the markets than the metaverse craze.
According to 2025 data, an average of 26 to 28 million contracts change hands daily in CME. This means trillions of dollars of Notional Value change hands in just one day. The world’s commodity, foreign exchange and interest prices are determined here, in this huge liquidity pool. If something has a “global price,” that price is probably occurring in Chicago. So the fact that CME went so far as to issue its own token is a big thing.
