
CME crypto futures launch draws $50M
CME Group said its newly launched 24/7 cryptocurrency futures and options market cleared more than 7,200 contracts worth approximately $50 million during its first weekend of operation.
The launch marks the first time retail and institutional traders have been able to access regulated crypto derivatives on a continuous basis through CME’s marketplace.
“By offering continuous liquidity over the weekend, we are meeting client demand and bridging the gap between traditional regulated venues and the 24/7 nature of crypto assets,”
Said Tim McCourt, Global Head of Equities, FX and Alternative Products at CME Group.
Robinhood Markets, Ripple Prime and Wedbush Securities confirmed participation in the rollout, highlighting growing demand for regulated crypto trading tools that remain available outside traditional market hours.
Robinhood said the service helps close the gap between continuously operating spot crypto markets and regulated derivatives markets that previously paused over weekends.
CME also began offering bitcoin volatility futures on a 24/7 basis from June 1, providing traders with a regulated way to gain exposure to expected bitcoin volatility without betting on price direction.
The expansion reflects increasing institutional interest in digital asset derivatives as market participants seek around-the-clock risk management tools in an asset class that never stops trading.
At the time of reporting, Bitcoin price was $70,833.95.