Bitcoin

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Giant

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According to a Thursday <a href="https://twitter.com/LiveSquawk/status/1790956720317219193" rel="noopener noreferrer nofollow">report</a> by the Financial Times, Chicago-based futures exchange CME Group is on track to launch Bitcoin spot trading due to growing demand.&nbsp;&nbsp;
It is unclear when spot Bitcoin trading will become available on the exchange since the plan is yet to be finalized.&nbsp;
It is worth noting that <a href="https://u.today/cme-announces-date-of-ethereum-options-launch" rel="noopener noreferrer nofollow">CME Group</a> has long been a major player in the crypto market. It initially launched Bitcoin futures in December 2017, a move that coincided with the peak of the bull run.&nbsp;
In May 2021, it also launched micro Bitcoin futures, responding to demand for futures contracts of smaller size.&nbsp;
According to data provided by CoinGlass, CME is currently in the lead when it comes to Bitcoin futures open interest with $9 billion. It is ahead of such major crypto native players as Binance, OKX, and BitMEX.&nbsp;
In early 2020, CME also launched Bitcoin options on its futures contracts. CME comes in second place in terms of options value, significantly lagging behind Deribit.&nbsp;
The growing demand for spot trading comes after the launch of several spot ETFs earlier this year.&nbsp;
According to the most recent data, spot Bitcoin ETFs managed to attract $303 million worth of inflows on Wednesday.&nbsp;

Futures Exchange Giant CME Plans To Kick Off Bitcoin Trading

U.Today

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