CME Plans Bitcoin Trading Amid Wall Street Demand

CME Group plans to launch bitcoin trading to meet Wall Street's growing demand, while ETH drops amid ETF approval delays, and GME stock and MEME coin $PEPE surge after a tweet from Roaring Kitty.

CME Plans Bitcoin Trading Amid Wall Street Demand

CME Bitcoin Spot Trading?

According to , CME Group, the world’s largest futures exchange, is planning to launch bitcoin trading, aiming to capitalise on surging demand this year among Wall Street money managers to gain exposure to the cryptocurrency sector.

The Chicago-based group has been holding discussions with traders who want to buy and sell the cryptocurrency on a regulated marketplace, according to three people with direct knowledge of the talks.

The plan, which has not yet been finalised, would mark a further encroachment by major Wall Street institutions into the digital assets sector following the US Securities and Exchange Commission’s approval in January of stock market funds that invest directly in bitcoin.CME declined to comment.

ETH Drop and coming FTX repayment

With almost no hope of ETH spot ETF getting approved this May, ETH is heading one way south against BTC.

Will the bottom of ETH-BTC be 0.04? Or even 0.03?

On the other hand, since FTX repayment is coming (hopefully paid out by the end of year 2024), there must be some USD coming back to crypto market. Will this be the driver to pump price again?

GME and MEME coins break out

After almost 3 years of silence, the last GME hype's leading KOL Roaring Kitty tweet a picture.

GME stock price doubled immediately. And in 1 day, hottest MEME coin $PEPE reached a new ATH.

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