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Wu said that the world's largest derivatives exchange, CME Group, announced the official launch of 24/7 cryptocurrency futures and options trading services, allowing market participants to trade regulated crypto derivatives continuously during weekends and non-traditional trading hours.
In the first weekend since launch, over 7,200 contracts were traded, with a notional value of approximately $50 million.
CME stated that this move aims to meet market demand for around-the-clock liquidity and risk management tools, further narrowing the gap between traditional financial markets and the 24/7 trading mode of crypto assets.
Additionally, Bitcoin Volatility Futures have also been simultaneously enabled for 24/7 trading.