Chicago exchange plans to launch bitcoin spot trading

The Chicago Mercantile Exchange (CME) launched bitcoin futures trading in 2017. Its customers will soon have access to BTC spot trading, the Financial Times reported.

On the futures market CME is ahead of many exchanges, but on the spot market, Binance remains the undisputed leader. The trading volume on this platform last month amounted to about $699 billion.

Traders will be able to profit from the difference between the futures and spot prices of bitcoin.

Transactions will be realized through the Swiss company EBS. Its activities are controlled by regulators. The company provides services for storing virtual currencies.

Representatives of the CME exchange are still refusing to comment on the information published by business media.

Analysts of 10x Research believe that the launch of spot trading on one of the largest exchanges will create conditions for a larger-scale entry of institutional capital into the cryptosphere.

The largest digital currency began to rise in price last Wednesday.

Risk appetite increased after the release of data on the decline in U.S. consumer prices. Bitcoin jumped above $65,000 for the first time since mid-April.