📉Coinbase shares took a nearly 8% hit, dropping to $202.49, following a Financial Times report that CME might soon offer spot bitcoin trading. Despite this, the crypto market is thriving, with the CoinDesk 20 Index up 0.91% over the past 24 hours, and Bitcoin up by half a percent. 🚀
CME, the largest futures exchange globally, has been holding meetings with traders interested in a regulated bitcoin marketplace. This could shake up Coinbase's position as the most trusted crypto exchange in the U.S.
Spot bitcoin ETFs have already provided a safer investment route for traders, with over 500 institutions allocating over $10 billion in just three months!
What's your take on this? Will CME's potential move into spot bitcoin trading impact your crypto strategy? Let's discuss! #CryptoNews #BitcoinTrading