CME Group Plans to Offer Bitcoin Cash Trading

The American stock exchange already offers future on the crypto from many years.

Financial Times reports that CME Group is planning to launch bitcoin cash trading. The American stock exchange has been offering futures on the crypto for several years now.

According to the report, several people close to the case said on Thursday that the Chicago Mercantiles Exchange (CME) is planning to launch Bitcoin (BTC) spot trading in the near future.

Spot trading, or cash trading, involves the immediate buying and selling of financial assets. It differs from futures trading, which allows traders to speculate on the future price of an asset.

CME Group is currently the largest cryptocurrency futures trading venue in terms of open interest, while Binance dominates spot trading by a wide margin.

The launch of bitcoin spot trading on CME would mark a further step towards the institutionalization of crypto in the US, coming a few months after the approval of the first US spot ETFs on Bitcoin.

CME launched its first Bitcoin futures contracts in late 2017 as the price of the crypto queen reached a new ATH at around $20,000. The exchange, which also offers futures on Ethereum, said in 2022 that it wanted to offer products on other altcoins like Solana.

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