CME plans to launch Bitcoin spot trading

CME Group, the Chicago Mercantile Exchange, has held discussions with traders who want to buy and sell cryptocurrencies on the regulated market, according to three people with direct knowledge of the talks. The plan, which has not yet been finalized, would mark a further intrusion into the digital asset industry by major Wall Street institutions. The CME declined to comment.
Following the introduction of spot Bitcoin trading on the CME, the exchange is already offering Bitcoin futures trading, which will make it easier for investors to engage in so-called basis trading. Basis trading is a common strategy for professional Bitcoin traders and is the dominant way of trading in the US Treasury market, involving borrowing money to sell futures while buying the underlying asset and taking gains from the tiny gap between the two. The majority of US Treasury basis trading takes place on CME trading venues.