🚀Crypto exchanges, brace yourselves! The Bitcoin futures giant, CME, is reportedly planning to offer spot Bitcoin trading. This move could potentially shake up the crypto market as it would allow traders to set up complex multi-leg strategies involving spot and futures markets in one regulated place. 🎯
According to the Financial Times, CME has been in talks with traders keen on trading Bitcoin in a regulated marketplace. The spot market would complement CME's existing standard and micro futures contracts, which are a proxy for institutional activity.
🔮10x Research founder, Markus Thielen, predicts that crypto exchanges may lose business if CME starts offering spot Bitcoin trading. The current bull run is driven by institutions who prefer regulated avenues.
What do you think? Will this move by CME be a game-changer in the crypto market? Let's discuss! #Bitcoin #CryptoNews #CME
(Update: More details to follow)