TMX Group Plans Cryptocurrency Futures Product For Investors

Twitter icon  •  Published 2 years ago  •  Mark Weaden

Canada’s largest stock market operator, TMX Group, has revealed plans to release its first cryptocurrency futures product

Canada’s largest stock market operator, TMX Group, has revealed plans to release its first cryptocurrency futures product. The decision is catering to institutional investors desire to offset the risks of trading in crypto, with the aim of releasing the product on the Montreal Exchange this year.  

A senior manager at TMX, John McKenzie, said in an interview with Reuters that “In crypto, there’s a lot of price volatility so (they’re looking at) how they manage that exposure.”

Author

Mark Weaden

Mark Weaden is a British researcher and crypto enthusiast, living in Barcelona. His work has been published on a variety of leading cryptocurrency sites.