Mexican Stock Exchange Is Considering Listing Crypto Futures, CEO Says
The investments would be traded on the exchange’s subsidiary, the Mexican Derivatives Exchange.
Oct 6, 2021 at 6:12 p.m. UTCUpdated May 11, 2023 at 5:46 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MDHCIPTQIRH3NFY2KLCFVTZ4KM.jpg)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
The Mexican Stock Exchange (BMV) is considering listing crypto futures on its derivatives exchange, CEO José-Oriol Bosch said.
- In an official interview published by the exchange on Monday, the executive said the initiative was analyzed and discussed with the financial authorities that regulate the BMV.
- “I understand that financial authorities want to be careful and prevent us from having a boom like the one we had with dot-coms,” Bosch said, adding that the BMV could follow the lead of exchanges in other countries that list cryptocurrency futures.
- On Sept. 30, Bosch said at a forum the BMV was seeking authorization to list cryptocurrency futures on its derivatives exchange, the Mexican Derivatives Exchange (MexDer), Mexican newspaper El Economista reported. Bosch also said the BMV was seeking approval for virtual assets exchange-traded funds (ETF) on its International Quotation System (SIC), a platform where foreign securities are traded.
- “We are in the process of getting authorization to list cryptocurrency futures on the MexDer, but Mexico’s financial authorities have been more conservative than others on the issue,” Bosch said at the time.
- The BMV did not respond to CoinDesk’s requests for additional information.
14:12
Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S.
00:55
Friend.Tech's Native Token Tanks After Airdrop
01:56
Coinbase's Blowout First Quarter; Could Hong Kong ETFs See $1B AUM by 2024 End?
00:59
BronxCrypto Founder on Major Challenges Faced by Crypto Education
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/6d04443a-c8f6-480f-937b-749bfdabee10.png)
Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.