Additionally, CME Group, proprietor of the Chicago Mercantile Alternate, is near overtaking Binance as the biggest crypto derivatives alternate on the planet. (CME’s product is a cash-settled futures contract, primarily a facet wager on bitcoin’s worth; no BTC adjustments arms). In different phrases, a enterprise with roots within the nineteenth century and agricultural commodities like corn and pork bellies, and one of many key spots in all of conventional finance, is a significant participant in crypto buying and selling.