Futures exchange operator CME Group plans to launch bitcoin trading, FT reports
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: reuters
Updated: May 16 2024- CME Group Plans Bitcoin Trading: CME Group, the world's largest futures exchange operator, intends to launch bitcoin trading to diversify its offerings.
- Discussions with Traders: The Chicago-based exchange has been in talks with traders interested in trading bitcoin on a regulated marketplace.
- Plan Status: While discussions are ongoing, the finalization of the plan is yet to be confirmed according to the Financial Times.
- Bitcoin's Performance: Bitcoin reached a record high in March due to increased investments in U.S. spot exchange-traded crypto products and expectations of global interest rate decreases.
- CME's Current Offerings: CME has been facilitating bitcoin futures trading since 2017 and provides benchmark products across various asset classes globally.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
