The Futures exchange operator, CME Group, is reportedly planning to plunge into bitcoin trading, targeting Wall Street's growing demand. This move is seen to open a 'world of opportunity' for Wall Street and will challenge the current dominance of Binance in spot Bitcoin trading. These plans follow record-breaking performance by the group, including the achievement of multiple records across U.S. crude oil futures, hitting highest-ever November ADV of 28.3 million contracts, and reaching a quarterly record of 7.4 million contracts in Q1 2024 of international average daily volume. CME Group also posted strong financial results during the first quarter of 2024 and Copper Option Open Interest surpassed 200,000 for the first time ever. Plans for new products in micro gold, silver and copper have been updated to launch in May 2024. Furthermore, it is noted that the group has been paying consistent dividends alongside these growth strategies.
Cme Group CME News Analytics from Wed, 27 Sep 2023 07:00:00 GMT to Thu, 16 May 2024 21:26:43 GMT - Rating 8 - Innovation 3 - Information 6 - Rumor -2
