Summary
- CME Group said it will launch 24-hour trading for cryptocurrency futures and options starting May 29.
- The round-the-clock trading will be run on its electronic trading platform, CME Globex.
- CME said the year-to-date average daily number of crypto-derivatives trades is up 46% from a year earlier, and last year’s trading volume topped $3 trillion.
CME Group will begin offering 24-hour trading support for cryptocurrency futures and options starting this May.
According to Walter Bloomberg on the 19th (local time), CME Group will launch 24-hour trading for its cryptocurrency futures and options products starting May 29. The round-the-clock session will be run on CME’s electronic trading platform, CME Globex.
Barring scheduled system maintenance, this will effectively enable near 24-hour trading of crypto derivatives on CME. CME Group said the move reflects “record-high demand for risk management in digital assets.”
Crypto trading volume on CME is rising rapidly. CME said that year to date, the average daily number of crypto-derivatives trades has reached about 407,200, up 46% from a year earlier. Crypto-derivatives trading volume on CME last year was also reported to have surpassed $3 trillion.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
