SEC in January spot Bitcoin ETFAfter confirming the BTC’Both corporate and retail demand for products increased.
This increased demand is the largest futures exchange Chicago Mercantile Exchange (CME)) also took action.
According to the Financial Times, based on sources familiar with the matter, In response to growing demand among market participants, CME plans to offer its customers spot Bitcoin trading in addition to its existing futures product.
According to FT, the launch of spot trading of Bitcoin on CME will allow investors to make profits by taking advantage of the difference between futures prices and the spot price of the relevant asset.
If CME also launches Bitcoin spot trading as planned, CME would become another way for Wall Street giants to gain greater access to Bitcoin, in addition to the 11 spot Bitcoin ETFs approved in the US in January.
In addition, analysts think that exchanges such as Binance and Coinbase, which are leading spot trading, may lose business when CME launches spot Bitcoin trading.
at this point Markus Thielen, founder of 10X Research, Regarding CME’s plans to offer spot Bitcoin trading, he said:
“As the current bull run is driven primarily by institutional investors who prefer to trade Bitcoin through regulated routes, cryptocurrency exchanges such as Binance and Coinbase may lose some business with the launch of spot Bitcoin trading on CME, a global derivatives giant.”
*This is not investment advice.
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