The Chicago Mercantile Exchange (CME), the world's largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report.
This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin.
As Vivek Sun reports via Bitcoin Magazine, CME is already the global leader in Bitcoin futures trading. By adding spot bitcoin, it can offer clients an integrated platform that includes both spot and derivatives markets.
This enables complex trading strategies like arbitrage and basis trading that leverage price differences between the two.
Currently, most spot bitcoin trading occurs on offshore exchanges like Binance.
CME, providing a regulated alternative, targets institutional investors who require strict due diligence and compliance standards.