As a researcher with a background in financial markets and experience following the digital asset space closely, I’m excited about the potential of the Chicago Mercantile Exchange (CME) entering the Bitcoin trading market. The surging demand for digital assets on Wall Street is noteworthy, and it seems that CME is considering capitalizing on this trend by launching Bitcoin trading services.
The Chicago Mercantile Exchange is reportedly considering introducing Bitcoin trading to take advantage of the rising market interest.
Based on information obtained from reliable sources who wished to remain anonymous, it seems that CME Group, the global leader in futures exchanges, is contemplating the introduction of Bitcoin trading services. The escalating fascination with digital assets among Wall Street players has apparently prompted this consideration. (Financial Times reporting)
According to reports, the cryptocurrency exchange based in Chicago is allegedly holding talks with potential traders concerning the possibility of trading Bitcoin, the largest digital currency by market capitalization. However, it’s important to note that no definitive decision has been made on this matter as of now. CME has yet to issue any official announcements regarding these rumors.
After securing approval from the U.S. Securities and Exchange Commission (SEC) for listing spot Bitcoin exchange-traded funds (ETFs) on CME, the exchange now welcomes these products in addition to its existing crypto futures offerings. The initial investment influx from institutional investors such as Wisconsin’s Investment Board and BNY Mellon into these new Bitcoin ETFs was significant. However, market sentiment has since shifted, causing a decrease in inflows for many ETF issuers.
According to reports, if CME chooses to carry out its spot trading activities, it is expected to do so via the EBS currency trading platform located in Switzerland. This selection is believed to be driven by the strict regulatory framework in place in the region for overseeing crypto trading and storage transactions.
As a crypto investor, I’m thrilled to share that after a long wait of over a decade, the U.S. Securities and Exchange Commission (SEC) finally gave its approval for multiple spot Bitcoin Exchange Traded Funds (ETFs) in early 2024. These ETFs are now eligible for listing on all major national exchanges in the U.S., such as Nasdaq, NYSE, and CBOE. This is a significant milestone in the crypto space, marking a new era of accessibility and mainstream adoption for Bitcoin investment.
As a researcher studying the regulatory landscape of Bitcoin Exchange-Traded Funds (ETFs), I’ve noticed an intriguing development: The Securities and Exchange Commission (SEC) has given its approval for several spot Bitcoin ETFs. However, when it comes to options on these same crypto ETFs, the SEC has shown hesitance in granting approvals. This raises a question: Should options on spot crypto ETFs be regulated in the same manner as options on stocks?
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2024-05-16 13:07