Fintech GIANT CME for Google Trading Blockchain test

The US -based CME Group is tested by Google Cloud, as the company aims to improve and increase the market infrastructure and trade stocks.

The company will use Blockchain technology for payment solutions and asset symbols. “Google Cloud Universal Ledger has the ability to provide great qualifications for guarantee, margin, settlement and fees as the world moves towards trading around the clock throughout the week,” CME CEO Terry Duffy said in the statement.

As mentioned before Bloomberg, The company completed the first phase of the Blockchain test, and after testing, the company became the first American exchange of Blockchain technology test. Moreover, the CEO of the company, Terry Dofi, stated that President Donald Trump has taken steps to make the United States an organizational environment for encryption, Blockchain, and digital assets by stopping and rejecting many cases involved.

Moreover, case SEC opposite Ripple It was also closed significantly. Ripple dropped its cross appeal against the Supreme Education Council after the agency decided to withdraw its case against the encryption company last week. Under the settlement, SEC will retain $ 50 million out of $ 125 million imposed against Ripple. The amount has already been kept in a warranty account that carries the interest.

In the past, Don Wilson, CEO of DRW Holdings, stated that Blockchain technologies can help transfer assets quickly at a lower cost. Even Wilson’s Crypto Company has developed its Blockchain technology as Canton Network. Blockchain technology is also used by Goldman Sachs Group Inc. And moody.

Cme Equity Index Trading through his indexes. The future contracts of the company are on other assets, including FX, interest rates, minerals, and energy, as well as cryptocurrency, all of which trade 24 hours a day, with some breaks during the week.

Moreover, this partnership is a large part of the deal that occurred in 2021, and as a result, they will use this Blockchain technology.

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