CME executives: The reduction of US interest rates will trigger non-dollar funds to seek hedging, and institutional investors in the Asia-Pacific region are beginning to turn to cryptocurrency investments

ChainCatcher news, according to Ming Pao, 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-U.S. funds to seek hedging, for example, many institutional investors in Singapore have begun to shift their investments towards cryptocurrencies.