Markets
Bitcoin (BTC) Price Surpasses $66,000 as Interest Rate Cuts Loom
Chicago Mercantile Exchange (CME) plans to offer bitcoin spot trading in response to customer demandaccording to the Financial Times. Already the leading Bitcoin futures exchange, CME aims to take on Binance and Coinbase, which dominate the spot market. “Cryptocurrency exchanges could lose some business with the potential arrival of a bitcoin spot market on CME, a global derivatives giant, as the current uptrend is particularly driven by institutions, which prefer trading on regulated channels,” Markus Thielen, founder of 10x Research, indicated that spot trading activities could be managed through the EBC foreign exchange trading platform in Switzerland, the report added.