CME Group, the Chicago Mercantile Exchange Group, has begun offering 24/7 trading for a variety of crypto futures and options. The new arrangement covers contracts for XRP, ADA, as well as SOL, LINK, XLM, AVAX, and SUI. Institutional traders can hedge their positions at times closer to the on-chain market rhythm.
Extended trading hours
CME stated that the new products will take effect this Friday. Except for at least two hours of maintenance downtime over the weekend, the relevant crypto derivatives will be available for trading 24 hours a day. This adjustment primarily addresses the misalignment between traditional trading hours and the 24/7 operation of the blockchain network.
XRP and ADA benefit
The report points out that XRP and ADA contracts will directly benefit. Previously, institutions were more likely to encounter price gaps outside of trading hours; now they can hedge against weekend volatility more quickly. CME also emphasizes that more altcoin contracts will be included in this trading arrangement.
Encryption products are expanding in scale
CME's existing crypto product line has accumulated considerable trading volume. Its XRP futures saw a notional turnover of $62.87 billion over the past year. The company previously disclosed that the average daily trading volume of its crypto product suite has also increased from 191,000 contracts to 310,000 contracts.
- Total notional trading volume of crypto products exceeded $7.3 trillion.
- XRP futures trading volume reached $62.87 billion in one year.
- Average daily trading volume rose to 310,000 contracts.
