The world’s largest futures exchange is planning to launch bitcoin trading, aiming to capitalize on surging demand this year among Wall Street money managers to gain exposure to the cryptocurrency sector.
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Futures exchange CME plans to launch bitcoin trading
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"Introducing spot bitcoin trading on CME, which already hosts trading in bitcoin futures, would allow investors more easily to place so-called basis trades. A common strategy among professional bitcoin traders and a staple of the US Treasury market, basis trading involves borrowing money to sell futures while buying the underlying asset, and extracting gains from the small gap between the two."
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