Bitcoin "CME Gaps" May Become a Thing of the Past as CME Bitcoin Futures Support 24/7 Trading


On May 28, the Chicago Mercantile Exchange (CME) will officially begin supporting 24/7 trading of Bitcoin futures and options starting this Friday, with only a one-hour system maintenance window from 22:00 to 23:00 UTC every Sunday. This means that the long-standing "CME gap" mechanism will essentially disappear. In the past, because CME Bitcoin futures trading was paused from Friday close to the start of the new week, while the BTC spot market continued to operate, so-called "CME gaps" would often form, prompting many traders to trade around "filling the gap."
Analysts believe this move indicates CME is further aligning with the native 24/7 trading structure of the crypto market, which helps reduce institutional weekend risk exposure and improves hedging efficiency. However, currently, institutional liquidity remains mainly concentrated in ETF options and offshore perpetual contracts markets. Cole Kennelly, CEO of Volmex Labs, stated that the open interest of BlackRock's IBIT ETF options is approximately $27 billion to $30 billion, while CME Bitcoin options are only about $800 million to $900 million.
As of now, there are still three unfilled CME gaps in the market, two of which are above the current BTC price, approximately around $80k and $78.5k; the other is below $70k. $BTC
{spot}(BTCUSDT)
BTC-1.28%
BLK-2.07%
IBIT-1.98%
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