CME

The post CME to Offer Spot Bitcoin Trading: Impact on Binance and Coinbase appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME), a leading bitcoin futures exchange, is reportedly considering offering spot bitcoin trading. This move could significantly impact major players like Binance and Coinbase by providing a regulated trading environment for bitcoin, addressing growing demand among market participants. Interestingly, followed by the news Bitcoin spot ETF trading has surged, reaching $5.65 billion, the highest since March 24th…

CME Group, the world’s largest futures exchange, will introduce spot Bitcoin trading, as reported by the Financial Times on Thursday. This move aims to meet the growing demand from Wall Street money managers for cryptocurrency exposure. CME Group Plans Bitcoin Spot Trading The Chicago-based exchange has been in discussions with traders seeking a regulated marketplace for Bitcoin transactions. While the plan isn’t finalized, it marks a significant step in integrating traditional finance with digital assets. Read more: What Are Bitcoin…

The post CME Group Prepares to Launch Bitcoin Spot Trading Amid Wall Street Interest appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME Group) is reportedly gearing up to introduce Bitcoin spot trading, capitalizing on increased interest from Wall Street fund managers. This step aims to meet the escalating demand within the cryptocurrency sphere. Although the plan is still preliminary, it highlights traditional financial institutions’ growing acceptance and adoption of digital assets. Additionally, this initiative could mark a…

Terry Duffy – CEO of CME Group – says he was never fooled by the praise surrounding former FTX chief Sam Bankman-Fried.  In a recent interview, the CEO revealed that he called Bankman-Fried (SBF) a fraud to his face during an in-person meeting in March.  Detecting the Fraud During an interview with CNBC’s On The Tape podcast last week, Duffy recounted his encounter with SBF 7 months ago. Meeting for the first time, SBF told Duffy that his goal was…

The Chicago Mercantile Exchange (CME), one of the world's two largest futures markets, has just announced the upcoming arrival of Ether Futures (ETH). This development is expected to expose the popular altcoin to more traders who could have a ripple effect on its price. Ether (ETH) Arrives at CME Group CME Group revealed today that it intends to introduce Ethereum (ETH) futures on its platform by February 8, 2021. The launch date of this new derivative will depend on its…

In recent years, the crypto space has witnessed incredible growth into a diverse ecosystem of over 5 000 coins and tokens, with each token focusing on a particular use case built on blockchain technology. And with the diversification of the crypto ecosystem, there has been an increased launch of financial products to increase mainstream adoption.  One such crypto-financial product that has gathered pace among crypto enthusiasts in recent years is cryptocurrency derivatives. A notable cryptocurrency derivative in the crypto space…

There is a decline in premiums for the CME Bitcoin Futures contracts traded on a monthly, quarterly, and semi-annual basis relative to their week-on-week average. This finding is according to a recently compiled report by Arcane Research. Drop Surprise  Slated for an end of March expiry, these contracts saw a 0.60% CME increase and a 1.19% premium increase on unregulated exchanges. The June 2020 contracts on the other hand saw a drop of 2.71% and 3.29% premium and CME on…

Feb. 19 saw Bitcoin register its fifth-largest hourly price drop. From $10,214.98 it fell to $9,573.74. Its price remained hemmed below the $10,000 barrier. The decline was reminiscent of the 2017 one when it had reached its peak. Arcane Research suggests that while BTCs volume has been rising, the spot market price has drastically shifted. Again, the currency attained its peak this year.  Its daily volume moved close to $1 billion. Increasing Trading Volume On CME, the research found out…