CME Group: Asia-Pacific institutional investors have begun to turn to virtual currency investments due to their strong hedging demand


Tim McCourt, Senior Managing Director of CME Group, said in an interview with Hong Kong media Ming Pao that the open contracts of CME Group's virtual currency instruments involve nearly $40 billion, and there is strong demand from the investment market in the Asia-Pacific region. The rate cut by the US will trigger the need for funds from non-dollar currencies to seek hedging, such as in Singapore where many institutional investors have started to shift towards investing in virtual currencies.