CME Group Announces Bitcoin Spot Trading Plans Amid Wall Street Demand, FT Reports

May 16, 2024, 07:12 AM

The Chicago Mercantile Exchange (CME) Group has announced plans to launch Bitcoin spot trading, targeting the increased demand from Wall Street fund managers. This move aims to capitalize on the surge in interest for cryptocurrency products this year. The initiative, reported by the Financial Times, will complement CME's existing futures product. The plan, which is still under evaluation, is expected to attract significant interest from clients and could open substantial opportunities for Wall Street market participants.