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#News JUST IN: 💵💵💵  1,000,000,000 $USDT ($1,009,700,860) minted from Unknown to Tether Treasury

#News

JUST IN:

💵💵💵

 1,000,000,000 $USDT ($1,009,700,860) minted from Unknown to Tether Treasury

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#CMEBitcoinSpotTrading Main Bullet Point Here 👇 ⦿CME Group, the world’s largest futures exchange, plans to launch bitcoin trading. ⦿Aims to capitalize on Wall Street's surging demand for cryptocurrency exposure. ⦿CME has been discussing with traders interested in a regulated bitcoin marketplace. ⦿Plan not yet finalized; follows SEC’s approval of bitcoin-related stock market funds. ⦿CME declined to comment. ⦿CME already hosts bitcoin futures trading; spot bitcoin trading would facilitate basis trades. ⦿Basis trading involves borrowing money to sell futures while buying the underlying asset. ⦿Wall Street institutions are increasingly adopting bitcoin, influenced by its price rebound and regulatory crackdowns on illegal activity. ⦿Despite a recent price drop, bitcoin ETFs are the fastest-growing ETFs. ⦿Large investors, including hedge funds and pension funds, have invested over $10 billion in bitcoin-related assets managed by firms like BlackRock, Fidelity, and Ark. ⦿CME has surpassed Binance as the largest bitcoin futures market, with $8.5 billion in open positions. ⦿Potential spot trading business might operate through EBS in Switzerland. ⦿Traditional exchanges have mixed success in spot cryptocurrency trading. ⦿A crypto executive questioned CME's ability to gain significant market share if operating in two locations. ⦿Large regulated exchanges are becoming more comfortable with digital asset trading infrastructure, potentially accepting crypto-related collateral soon.
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