CME launches a 24/7 trading mechanism for encrypted futures and options

According to official sources, CME Group announced the launch of a 7 × 24-hour continuous trading mechanism for cryptocurrency futures and options, with the new trading session starting on May 29th. According to CME data, over 7200 contracts were traded in the first weekend of the service's launch, corresponding to a nominal trading volume of approximately $50 million. Tim McCourt, Global Head of Stocks, Forex, and Alternative Products at CME, stated that this move aims to bridge the time gap between traditional regulated markets and cryptocurrency spot markets. Additionally, CME's newly launched Bitcoin volatility futures are also open for 24/7 trading.