The spot market will complement the CME’s present customary and micro futures contracts, that are extensively thought of a proxy for institutional exercise, and assist the alternate change into extra dominant within the crypto market. The CME is already the highest bitcoin futures alternate by open curiosity, whereas the offshore, non-regulated Binance dominates the spot market. Coinbase (COIN), the one U.S. traded crypto alternate, is No. 3 by every day buying and selling quantity.