The Chicago Mercantile Exchange CME, the world's largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report. This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin. As Vivek Sun reports via Bitcoin Magazine, CME is already the global leader in Bitcoin futures trading.
The exchange has reportedly held talks with traders expressing strong interest in trading bitcoin in a regulated environment. The move comes as Wall Street ramps up its Bitcoin offerings amid surging demand. Several firms already provide access to SEC-approved Bitcoin ETFs earlier this year. CME would differentiate itself by allowing sophisticated trading strategies beyond simple directional bets.
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Source: FT - 🏆 113. / 51 Read more »