Chicago-based futures exchange CME Group is closing in on rising demand, according to a report published Thursday by the Financial Times. Bitcoin is on track to launch spot trading.
The details of this plan remain unclear, as it has not yet been determined when it will be available. CME Group, crypto- It has been playing an important role in the market for a long time. He first made a move in December 2017, coinciding with the peak of the bull run, by launching Bitcoin futures. It then responded to demand for smaller-sized futures contracts by launching micro Bitcoin futures in May 2021.
According to data provided by CoinGlass, CME is currently the leader when it comes to Bitcoin futures open interest at $9 billion. It remains ahead of major crypto native players such as Binance, OKX and BitMEX.
CME also launched BTC options on futures contracts in early 2020. CME ranks second, significantly behind Deribit in terms of option value. The increased demand for spot trading follows the launch of several spot ETFs earlier this year. Spot Bitcoin ETFs managed to attract $303 million worth of inflows on Wednesday, according to the latest data.
