According to Financial Times, CME Group plans to offer bitcoin cash trading. The American stock exchange already offers future on the crypto from many years.
Citing sources close to the case, the Financial Times reported on Thursday that the Chicago Mercantiles Exchange (CME) plans to offer Bitcoin (BTC) spot trading in the near future.
Spot trading, also known as cash trading, refers to the immediate buying and selling of financial assets.
CME Group is today the largest cryptocurrency futures trading venue in terms of open interest, while Binance dominates spot trading by a wide margin.
The introduction of bitcoin spot trading on CME would mark a new turn towards the institutionalization of crypto in the US, and would come a few months after the approval of the first US spot ETFs on Bitcoin.
CME launched its first Bitcoin futures contracts in late 2017 as the price of the crypto queen reached a new ATH at around $20,000. The exchange, which also offers futures on Ethereum, indicated in 2022 that it wanted to offer products on other altcoins such as Solana.
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