CME Group to Launch Bitcoin Spot Trading Amid Wall Street Demand on May 16, 2024

May 16, 2024, 10:32 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 increasing demand for cryptocurrency from Wall Street fund managers. The plan, which has not yet been finalized, comes as CME seeks to expand its offerings beyond its existing futures products. This strategic decision is driven by the surge in interest among institutional investors looking for regulated avenues to gain exposure to Bitcoin. According to the Financial Times, the announcement was made on May 16, 2024.