CME Group Plans To Launch Bitcoin Spot Trading

CME Group, the Chicago-based largest futures exchange in the world, plans to launch Bitcoin spot trading as a move to capitalize on the rising demand for crypto exposure coming from Wall Street firms. According to the Financial Times, citing people familiar with the matter, the exchange has been in discussions with traders who want to buy and sell crypto on a regulated marketplace. BlackRock, which launched its spot Bitcoin ETF, IBIT, recently highlighted the huge opportunity that the crypto products have, predicting that a new wave of interest from a different type of investors will hit the market. According to the financial giant, the next few months will probably see financial institutions.

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