CME Group launches crypto futures and options with 24/7 around-the-clock trading, with the first weekend trading volume of approximately $50 million

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Mars Finance News, according to official sources, the Chicago Mercantile Exchange Group (CME Group) has officially launched 24/7 trading of cryptocurrency futures and options. The first weekend saw total cumulative trading of more than 7,200 contracts, with a notional value of approximately $50 million. Bitcoin volatility futures have also been launched at the same time. Tim McCourt, Global Head of Stocks, Forex, and Alternative Products at CME Group, said this move meets customers’ demand for continuous weekend liquidity and bridges the gap between traditional regulated venues and the 7x24 hour attributes of cryptocurrencies.
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TheFeelingOfEthInTheSeaBreeze
· 3h ago
Nominal value of 50 million, actual margin estimated to be just a few million, leverage game.
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OrigamiVolcano
· 3h ago
Volatility futures are moving in sync; this is to provide insurance for institutions.
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GateUser-57ab9c02
· 4h ago
7200 contracts... It seems market makers are still debugging their machines.
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GateUser-f4ae43e9
· 4h ago
Tim McCourt is right; the time difference between traditional finance and crypto has been made up.
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GasFeeSensitivity
· 4h ago
50 million weekend trading volume counts as a cold start, waiting for institutions to wake up.
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AuroraStone
· 4h ago
CME finally caught up with this 7x24, no longer being cut by CEE on weekends
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