Chicago Mercantile Exchange Nears Bitcoin Spot Trading Launch For Institutions

IconCNT16 May, 2024

cryptonews.jpg

Chicago Mercantile Exchange Nears Bitcoin Spot Trading Launch For Institutions

### CME to Roll Out Bitcoin Spot Trading Service The Chicago Mercantile Exchange (CME), the world's largest futures exchange, is reportedly gearing up to launch a bitcoin spot trading service. This move would provide institutions with a regulated avenue to trade cryptocurrencies. According to the Financial Times, CME has been in discussions with trading firms regarding the rollout of the service. The exchange has declined to comment on the matter. **Significance of CME's Entry** The potential bitcoin spot trading service from CME is seen as a significant development for the cryptocurrency market. It would introduce an established and reputable financial institution into the crypto space, potentially attracting large-scale institutional capital. Previously on June 1, 2023, CME announced its intention to launch bitcoin futures based on the CME CF Bitcoin Reference Rate. This latest report suggests that the exchange is expanding its presence in the cryptocurrency ecosystem.

Related News