CME Group Announces Plans to Launch Bitcoin Spot Trading Amid Wall Street Demand

May 16, 2024, 11:10 AM

The Chicago Mercantile Exchange (CME) Group, the world's largest futures exchange, has announced plans to launch Bitcoin spot trading. This move aims to capitalize on the surging demand for cryptocurrency from Wall Street fund managers. The plan, which is yet to be finalized, will see CME Group offering Bitcoin spot trading alongside its existing futures products. The decision follows increased interest from institutional investors seeking regulated avenues to invest in Bitcoin. According to the Financial Times, the announcement was made on May 16, 2024.