Mexico Stock Exchange Considers Listing Crypto Futures

The Mexican Stock Exchange is considering listing Crypto Futures on its derivatives exchange according to its CEO
The Mexican Stock Exchange is considering listing Crypto Futures on its derivatives exchange according to its CEO

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The Mexican Stock Exchange is considering listing Crypto Futures on its derivatives exchange, according to its CEO. The CEO, Jose-Oriol Bosch, revealed this during an official YouTube interview published on Monday by the exchange.

Referring to the 90s, Bosch said, “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 sees a possibility with the exchange listing crypto futures on its Mexican Derivatives Exchange, a derivatives subsidiary of BMV.

Meanwhile, this considered step follows the lead of other exchanges that have already listed crypto futures. Brazilian exchange B3 broke the crypto listing ice in Latin America. It listed the first Latin American bitcoin exchange-traded fund in June. The fund belongs to QR Capital, a blockchain investment company that later listed another ether ETF on B3.

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“Yes, it’s something we have talked about with financial authorities, that we’ve analyzed,” Bosch said. He made those disclosures while responding to a question from the audience during the video chat that centered on starting an investment.

The report of the video chat came first from a Mexican financial news outlet, El Economista, after which CoinDesk reported it first in English.

In another article from El Economista, Bosch, on September 30, spoke about ongoing discussions with authorities. The CEO says BMV has been seeking approval from financial authorities to list crypto-based futures in its derivatives exchange.

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Bosch revealed then that BMV was seeking authorization for virtual assets exchange-traded funds (ETF) on its International Quotation System (SIC), a foreign securities-trading platform.

Bosch agrees that Mexican authorities have been more conservative than other exchanges on the topic. However, he expressed his belief that they would do the right thing. He also noted that cryptocurrency is part of the changing face of money in the global money market.

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