The Chicago Mercantile Exchange (CME) Group is planning to launch spot Bitcoin trading, complementing its existing futures product, according to the Financial Times, citing sources familiar with the matter. this topic.
The group is said to have held discussions with traders interested in trading cryptocurrencies on a regulated platform. The plan has not yet been finalized, according to the report.
The launch of Bitcoin spot trading on CME will allow traders to profit from underlying arbitrage trades – where they can take advantage of the difference between the futures contract price and the spot price of the underlying asset. department.
If launched as expected, CME would become another channel for Wall Street investors to gain greater exposure to digital assets, in addition to the 11 spot Bitcoin ETFs approved in the United States in January .
In spot trading, the asset being traded is exchanged as soon as possible, usually on the spot trading day. For Bitcoin, this involves exchanging it directly for fiat money or another cryptocurrency at the current market price, with an instant transfer of assets. Spot Bitcoin trading is offered by most cryptocurrency exchanges such as Coinbase and Binance.
Spot Bitcoin ETFs have been more successful than initially expected, bringing in $12.15 billion in net capital since launching in January. Their approval by the US Securities and Exchange Commission (SEC) contributed to increasing the value of Bitcoin to a new high above $73,700 in March.
The Chicago Mercantile Exchange (CME) is one of the world's largest commodity futures exchanges, founded in 1898. CME Group, CME's parent company, operates multiple global exchanges including CME, CBOT, NYMEX, and COMEX. CME offers a variety of trading products such as agricultural products, energy, metals, interest rates, foreign exchange and stock indices. Recently, CME expanded into the cryptocurrency sector, including Bitcoin futures, providing modern financial tools to global investors.
Source: https://tapchibitcoin.io/cme-group-co-ke-hoach-ra-mat-Giao-dich-bitcoin-Giao-ngay.html
