Global Stock News

24/7 crypto derivatives trading set for May 29 at CME as ADV hits 407,000 contracts

24/7 crypto derivatives trading set for May 29 at CME as ADV hits 407,000 contracts

CME Group will allow 24/7 trading in its regulated crypto futures and options starting May 29, pending regulatory review, according to a press release by the company on Thursday.

The contracts listed on CME will move to nearly continuous trading on CME Globex, with only a minimum two-hour maintenance break over the weekend.

According to CME’s claims, so far this year, it has recorded an average daily volume of 407,200 contracts, up 46% from the same period last year, while average daily open interest stands at 335,400 contracts, up 7% year over year.

Futures alone account for 403,900 contracts in average daily volume, a 47% increase compared with last year. CME also reported $3 trillion in notional volume across its crypto…

Source link

Share this article

Scroll to Top