CME

CME

Markets

Bitcoin's price discovery is moving to Chicago

CME’s shift to nonstop derivatives access may accelerate institutional migration away from traditional crypto exchanges, according to the Chief Commercial Officer of XBTO.

CME Group Headquarters. (CoinDesk Archives)

Finance

Wall Street giant CME Group is eyeing its own 'CME Coin,' CEO says

The initiative is part of CME's push into tokenized collateral, and the firm is collaborating with Google on a “tokenized cash” solution set to launch later this year.

(Photo by Michael Reaves/Getty Images)

Markets

Futures price gap on CME offers bitcoin bulls a glimmer of hope

A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.

CoinDesk

Markets

CME loses top spot to Binance in bitcoin futures open interest as institutional demand wanes

Behind the move is a sharp narrowing in the profitability of the basis trade, in which traders attempt to capture a spread by buying spot bitcoin while selling BTC futures.

BTC Futures OI (Glassnode)

Markets

Bitcoin Futures Return to Deepest 'Backwardation' Since FTX Collapse Hinting Possible Bottom

So-called "backwardation" — a futures price curve moving lower in value as time gets further out — can be read as a measure of stress in the market.

CoinDesk

Markets

CME Announces First XRP and SOL Option Trades

Initial trades were conducted by major market participants, including Wintermute, Galaxy, Cumberland DRW, and SuperState.

CME Group headquarters in Chicago, Illinois, U.S., on Friday Feb. 5, 2021. CME Group Inc. is scheduled to release earnings figures on February 10. Photographer: Christopher Dilts/Bloomberg via Getty Images

Markets

Federal Reserve Rate Cut Could Spark a Revival in Bitcoin’s Basis Trade

CME open interest and futures premiums have slumped this year. Looser monetary policy may change the picture.

CME BTC Open Interest (Glassnode)

Markets

XRP Futures Volume on the CME Hit a Record $235M

Institutional investors prefer CME derivatives for regulated exposure to digital assets, avoiding direct ownership.

(John Gress/Getty Images)

Markets

Bitcoin Trades Within Descending Channel as CME Gap Gets Filled

Technical chart signals continued pressure but shallower dips hint at resilience.

Bear and bull (Pixabay)

Markets

Bitcoin CME Futures Premium Slides, Suggests Waning Institutional Appetite

The premium has dropped to lowest since October 2023, according to 10x Research.

futuresderivatives