CME Group: Institutional investors in the Asia-Pacific region have a strong demand for hedging and are starting to turn to cryptocurrency investments

ChainCatcher news, Tim McCourt, Senior Managing Director of CME Group, stated in a recent interview that the open interest in CME's cryptocurrency instruments has approached $40 billion, with strong investment market demand from the Asia-Pacific region. A reduction in U.S. interest rates will trigger a need for non-dollar funds to seek hedging, for example, many institutional investors in Singapore have begun to shift their investments towards cryptocurrencies.