Bitcoin Trading for Hedge Funds | Paragon Alpha

Bitcoin Trading for Hedge Funds

By Matea Gucec

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CME Group, the world’s largest futures exchange, is planning to leverage the increasing interest from money managers in cryptocurrency by launching bitcoin spot trading on its platform, as reported by the Financial Times.

The report, citing three anonymous insiders, revealed that the Chicago-based CME Group has been engaging in talks with traders who are keen to buy and sell bitcoin on a regulated marketplace. This planned bitcoin spot trading service will enhance CME’s existing bitcoin futures trading operations, making it easier for investors to perform basis trades, which take advantage of small price differences between futures contracts and the actual assets.

The new bitcoin spot trading business, which is still being finalized, would be operated through CME’s EBS currency trading platform in Switzerland. The EBS platform is renowned for its rigorous regulations on trading and storing crypto assets, offering a secure environment for institutional investors. This initiative by CME Group underscores the growing institutional appetite for cryptocurrency and the ongoing efforts to provide regulated and reliable trading solutions in the digital asset market.

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