CME Looks to Take On Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report

CME Looks to Take On Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report


10x Research founder Markus Thielen said crypto exchanges may lose business if CME starts offering spot bitcoin trading. CME is one of the top bitcoin futures exchanges by open interest.

Futures powerhouse Chicago Mercantile Exchange (CME) plans to offer spot bitcoin trading to clients as demand for the product mounts among market participants, the Financial Times reported on Thursday.

CME is already the top bitcoin futures exchange by open interest, while offshore, non-regulated Binance dominates the spot market.

The exchange has held discussions with traders who want to trade bitcoin on a regulated marketplace, the FT reported, citing people with

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