CME Group to Launch Around-the-Clock Cryptocurrency Futures and Options Trading on May 29

BlockBeats News, February 19th. The Chicago Mercantile Exchange Group announced that it will launch around-the-clock cryptocurrency futures and options trading on May 29th, subject to regulatory review.

It is expected that starting at 4:00 p.m. Central Time on Friday, May 29th, CME Group's cryptocurrency futures and options will be available for continuous trading on the CME Globex platform, with a minimum of two hours of maintenance during the weekends. For all holiday or weekend trades from Friday evening to Sunday evening, the trade date will be moved to the next trading day, and clearing, settlement, and regulatory reporting will also be processed on the next trading day.

Tim McCourt, Global Head of Equity Index and Alternative Investment Products at CME Group, stated: "Client demand for risk management in the digital asset markets is at an all-time high, and the notional value of our cryptocurrency futures and options is expected to reach a record $3 trillion."