CME Looks to Take on Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report
Chicago Mercantile Exchange (CME) is planning to offer spot bitcoin trading due to increasing demand from market participants. CME is currently the leading bitcoin futures exchange by open interest. The company has been in discussions with traders interested in trading bitcoin on a regulated marketplace. The spot trading business could potentially be operated through the EBS currency trading venue in Switzerland. The spot market will supplement CME's existing standard and micro futures contracts, which are seen as a measure of institutional activity. This move could make the exchange more dominant in the crypto market. The spot market will allow traders to set up complex strategies involving both spot and futures markets in one regulated location.
