CME, One of the First to Launch Bitcoin Futures Trading in the US, Closes Its Trading Floor

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The Chicago Mercantile Exchange (CME) Group announced it is suspending trading starting on March 13 as a precautionary measure due to the coronavirus outbreak. CME is one of the first firms to launch Bitcoin Futures in the US.

With global markets affected by the outbreak, CME said there is no coronavirus case on their trading floor. Their reopening will first be evaluated “as more medical guidance on the coronavirus becomes available.” CME is the largest financial derivatives exchange. While trading is suspended, CME’s headquarters will remain open.

CME is the first major US exchange to close its trading floor because of the coronavirus concerns.

Many crypto companies are also implementing measures to secure the welfare of its employees. Coinbase, for example, said employees have to work from home until further notice.

In the Philippines, the Securities and Exchange Commission has announced it will extend the filing period of annual reports for affected corporations as well as allow the use of remote communication in regular and special meetings.

The Bangko Sentral ng Pilipinas has likewise said in a statement that it expects its supervised institutions, which also include licensed virtual currency exchanges, to adopt and implement an appropriate response to ensure the health and safety of their employees and customers.

Source: CNBC

This article is published on BitPinas: CME, One of the First to Launch Bitcoin Futures Trading in the US, Closes Its Trading Floor


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