Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Wall Street’s Crypto Gateway: CME Considers Bitcoin Spot Trading

Published 05/16/2024, 04:30 PM
Updated 05/16/2024, 05:15 PM
© Reuters.  Wall Street’s Crypto Gateway: CME Considers Bitcoin Spot Trading
CME
-
BTC/USD
-

  • CME mulls Bitcoin spot trading to meet Wall Street’s crypto demand.
  • Easier access to “basis trading” is a potential benefit.
  • CME’s Bitcoin expansion could fuel regulated crypto market growth

The Chicago Mercantile Exchange (CME), a leading global derivatives marketplace, is exploring the possibility of launching Bitcoin spot trading. This move comes amid growing demand from Wall Street money managers seeking exposure to the cryptocurrency market through a regulated environment.

While a final decision has not been made, CME has reportedly held discussions with traders who expressed interest in a regulated platform for Bitcoin spot trading. Sources familiar with the discussions suggest that the new product, if approved, would provide Wall Street with a more direct route to participate in the cryptocurrency market.

CME already offers Bitcoin futures trading, but investors are eyeing the potential benefits of spot trading. If implemented, investors would gain easier access to “basis trading,” a common strategy employed by both professional Bitcoin traders and the U.S. Treasury market. Notably, CME dominates the Treasury basis trading space.

The post Wall Street’s Crypto Gateway: CME Considers Bitcoin Spot Trading appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.