Chicago Mercantile Exchange (CME) Group plans to launch Bitcoin spot trading, according to three sources familiar with the negotiations. CME has been in discussions with traders who want to buy and sell cryptocurrencies in regulated markets. The plan is not yet finalized, but if implemented, it would signify further Wall Street involvement in the digital asset industry. CME declined to comment.
After introducing Bitcoin futures trading, CME has provided an opportunity for investors to engage in basis trading, a common strategy among professional Bitcoin traders. Basis trading involves borrowing money to sell futures and buying the underlying asset, profiting from the small difference between the two. Most of the basis trading for US Treasury bonds occurs on the CME exchange.
Tags: CME, Bitcoin, spot trading
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Original article link: [https://www.bitpush.news/articles/6734015](https://www.bitpush.news/articles/6734015)
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