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Is CME a good bitcoin exchange?

CME is one of the top bitcoin futures exchanges by open interest. Futures powerhouse Chicago Mercantile Exchange (CME) plans to offer spot bitcoin trading to clients as demand for the product mounts among market participants, the Financial Times reported on Thursday.

Is CME a regulated Bitcoin exchange?

CME is already the top bitcoin futures exchange by open interest, while offshore, non-regulated Binance dominates the spot market. The exchange has held discussions with traders who want to trade bitcoin on a regulated marketplace, the FT reported, citing people with direct knowledge of the talks.

What is a bitcoin futures contract?

The contract is a cash-settled futures contract that represents the U.S. dollar price of one Ether futures contract (as described in CME Rulebook Chapter 349) to the U.S. dollar price of one Bitcoin futures contract (as described in CME Rulebook Chapter 350 ). This ratio is multiplied by $1,000,000 to determine the notional contract size.

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