According to PANews, CME Group, the world's largest futures exchange, is planning to introduce Bitcoin spot trading in response to the increasing demand from Wall Street fund managers for the cryptocurrency industry this year. CME has been in discussions with traders who are interested in buying and selling Bitcoin in a regulated market. The plan is not yet finalized, but if implemented, it will further deepen the penetration of major Wall Street institutions into the digital asset field.
This move follows the approval by the U.S. Securities and Exchange Commission in January of this year for direct investment in Bitcoin stock funds. CME has become one of the biggest beneficiaries of this renewed institutional interest. Its market in Chicago currently has about 26,000 open positions, valued at approximately $8.5 billion, which is more than double that of a year ago.
