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CME Group Reports Increased Demand for Crypto Products Amid Bear Market

2023.02.13

Chicago Mercantile Exchange (CME) Chairman and CEO Terrence A. Duffy revealed that the business has seen some uptick in demand for its cryptocurrency products since the FTX meltdown in November, crypto media outlet Crypto Potato reported on February 12.

 

The cryptocurrency market has been showing strong performance entering the early stages of the bull market despite the bear market. Thus, the world’s largest cryptocurrency Bitcoin (BTC) has delivered an uptrend show since the beginning of 2023 gaining nearly 40% so far.

 

Amid the broader market correction, according to Duffy, client confidence in digital assets and CME may have helped drive sales opting customers for regulated markets due to the lack of regulatory certainty in the crypto industry.

 

Meanwhile, CME disclosed during its Q4 2022 Earnings Conference Call on February 8 that the previous year was the best in the company's history due to considerable growth recording earnings per share of $1.92.

 

Source: CRYPTOPOTATO

Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.