Report: CME Group to Launch Bitcoin Trading Amid Rising Demand From Wall Street

CME Group, the world’s largest futures exchange, is planning to launch bitcoin trading to capitalize on the surging demand among Wall Street money managers for exposure to the cryptocurrency sector, according to a report from the Financial Times. The Chicago-based group has reportedly been in discussions with traders interested in buying and selling the cryptocurrency on a regulated marketplace. This move would mark a significant step by major Wall Street institutions into the digital assets sector, following the US Securities and Exchange Commission’s approval of stock market funds that invest directly in bitcoin. The potential spot trading business would reportedly be run through the EBS currency trading venue in Switzerland, which has extensive regulations governing the trading and storing of crypto assets.