BlockBeats news: On February 19, the Chicago Mercantile Exchange Group announced it will launch 24/7 cryptocurrency futures and options trading on May 29, subject to regulatory review.
Starting at 4:00 PM Central Time on Friday, May 29, CME Group’s cryptocurrency futures and options will trade continuously on the CME Globex platform, with at least two hours of maintenance scheduled each weekend. Any trading occurring Friday evening through Sunday evening during holidays or weekends will be rolled over to the next business day, with clearing, settlement, and regulatory reporting also processed on the next business day.
Tim McCourt, Head of Global Equities, Foreign Exchange, and Alternative Products at CME Group, said: “Demand from clients for risk management in the digital assets market has reached unprecedented levels, and our cryptocurrency futures and options notional volume will reach a record $3 trillion.”
