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. What to know : Crypto derivatives such as ETF-linked options and futures could rival or exceed spot trading volumes on major global exchanges. As derivatives activity scales on regulated venues, volatility pricing in U.S. markets may play a larger role in setting bitcoin’s global price. The shift would further consolidate price discovery within regulated futures markets, extending their influence over the broader crypto ecosystem.