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Bitcoin (BTC) Price Surpasses $66,000 as Interest Rate Cuts Loom

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8 months ago

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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 the likes of Binance and Coinbase, which dominate the spot market. “Cryptocurrency exchanges could lose some business with the potential debut of a bitcoin spot market on the CME, a global derivatives giant, as the current bull run is particularly driven by institutions, which prefer to trade on regulated streets,” Markus Thielen, founder of 10x Research, says spot trading activity could be handled through the EBC’s currency trading venue in Switzerland, the report adds.

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