CME Group to Introduce Continuous Crypto Futures Trading on May 29
- CME Group plans to launch regulated crypto futures and options trading available 24/7 starting May 29, pending regulatory review.
- The exchange recorded $3 trillion in notional volume across its crypto futures and options last year, highlighting rising institutional demand.
- Average daily volume (ADV) for crypto products reached approximately 407,200 contracts, a 46% increase year-over-year.
- Current offerings include futures and options on Bitcoin, Ethereum, XRP, and Solana.
- Tim McCourt, CME Group’s Global Head of Equities, noted that client demand for risk management in the crypto market is at an all-time high.
This development aims to eliminate the traditional gaps in trading that occur over weekends when markets are closed. With continuous trading, clients can manage their exposure more effectively at any time.
The introduction of round-the-clock trading is expected to enhance market efficiency as evidenced by the record ADV of 407,200 contracts. (Source)
