Odaily Planet Daily News: The Chicago Mercantile Exchange Group (CME Group), the world's largest futures exchange, plans to launch spot trading in Bitcoin. Three people familiar with the matter revealed that CME has discussed with traders who want to buy and sell cryptocurrencies on regulated markets. The plan has not yet been finalized. If implemented, it will mark a further intrusion of major Wall Street institutions into the digital asset industry. CME declined to comment. If CME introduces Bitcoin spot trading while already offering Bitcoin futures trading, it will make it easier for investors to engage in basis trading. Basis trading is a common strategy for professional Bitcoin traders and a major trading method in the U.S. Treasury market. It involves borrowing money to sell futures and buying the underlying asset, and earning profits from the small gap between the two. Most of the U.S. Treasury bond basis trading occurs on the CME trading venue. (Financial Times)
