CME’s Melamed: Bitcoin a new asset class, not a crypto-currency – RTRS

Leo Melamed, Chairman Emeritus of CME Group told Reuters in an interview on Tuesday, Bitcoin is not simply a crypto-currency but will emerge as a new asset class, just like gold or stocks.

Melamed noted: “That’s a very important step for Bitcoin’s history... We will regulate, make Bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.”

CME, the world’s largest derivatives exchange, last week announced that it would launch the futures contract of Bitcoin.