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CME crypto futures trade $50M in opening weekend

Created at 1 Jun · 7:53 PM17 sources↑ Market-relevant15 events
IN SHORT

CME Group launched 24/7 trading for crypto futures and options on May 29, with over 7,200 contracts traded in the first weekend, totaling approximately $50 million in notional value. Ripple Prime is a day-one clearing partner for the offerings.

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Key Numbers

7,200+contracts traded in first weekend
~$50Mnotional value traded in first weekend

Who's Involved

CME Group
World's largest derivatives exchange launching continuous crypto derivatives trading
Ripple Prime
Day-one clearing and financing partner for CME Group's 24/7 crypto offerings
Tim McCourt
Global Head of Equities, FX and Alternative Products at CME Group
CME crypto futures trade $50M in opening weekend

↳ Why This Matters

This move by CME Group allows for continuous trading of crypto derivatives, catering to global market participants and institutional demand for regulated products outside traditional trading hours.

Key facts

  • CME Group launched 24/7 trading for crypto futures and options on May 29.
  • Over 7,200 contracts were traded in the first weekend.
  • The notional value traded in the first weekend was approximately $50 million.
  • Ripple Prime is a day-one clearing partner for these offerings.
  • The extended schedule aims to match the always-on nature of digital asset markets.

CME Group has launched 24/7 trading for its cryptocurrency futures and options, a move that saw over 7,200 contracts traded with a notional value of approximately $50 million in its opening weekend. Ripple Prime is acting as a day-one clearing and financing partner, enabling settlement and margin support outside traditional banking hours. This expansion addresses the global, round-the-clock nature of digital asset markets, providing continuous price discovery and catering to institutional demand for regulated crypto derivatives trading.

Frequently asked questions

CME Group has launched 24-hour, seven-day-a-week trading for its cryptocurrency futures and options products.

Ripple Prime is a day-one clearing and financing partner for CME Group's new 24/7 crypto futures and options trading.

This allows for continuous trading of these financial instruments, catering to global market participants who operate outside traditional trading hours and meet institutional demand.

What Happens Next

01Monitor trading volumes and market participation under the new 24/7 schedule.

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Cadence

How It Developed

2 Jun · 5:45 PM
CME Group shares fell amid investor concerns that crypto perpetual futures approval could extend to equities.
PiQSuite
2 Jun · 5:45 PM
CME Group shares fell 4% following news of perpetual futures approval, sparking investor concerns.
Reuters via PiQSuite
2 Jun · 12:02 PM
The article confirms Ripple Prime's role as a clearing and financing partner for CME Group's 24/7 crypto derivatives market, restating previously reported launch details and volumes.
CoinCentral via PiQSuite
2 Jun · 10:13 AM
CME Group's new 24/7 crypto futures market saw over 7,200 contracts traded at ~$50M in its opening weekend, with the exchange noting "clear" demand.
@CoinDesk via PiQSuite
2 Jun · 9:06 AM
CME Group's new 24/7 crypto derivatives market traded approximately $50 million in its first weekend.
@TheBlockCo via PiQSuite
1 Jun · 7:50 PM
CME Group, the world's largest derivatives exchange, has launched 24/7 trading for Bitcoin and cryptocurrency futures and options.
@BitcoinMagazine via PiQSuite
1 Jun · 7:38 PM
CME Group has launched 24/7 trading for crypto futures and options, effective May 29.
PRN | All News Releases via PiQSuite

Sources

T1
*CME STARTS 24/7 CRYPTOCURRENCY FUTURES AND OPTIONS TRADING@zerohedge via PiQSuite
T1
CME Group Announces Launch of 24/7 Cryptocurrency Futures and Options Tradingm.piqsuite.com
T1
JUST IN: World's largest derivatives exchange CME Group launches 24/7 Bitcoin & crypto futures and options trading 🚀 https://t.co/CiTU4chyhl@BitcoinMagazine via PiQSuite
T1
CME Group launches 24/7 cryptocurrency futures tradingm.piqsuite.com
T1
RT @BitcoinMagazine: JUST IN: World's largest derivatives exchange CME Group launches 24/7 Bitcoin & crypto futures and options trading 🚀 h…@BitcoinMagazine via PiQSuite
T1
RT @CMEGroup: Our Crypto futures and options are officially available to trade 24/7. With over 7,200 contracts (~$50M notional) traded in…@PiQSuite via PiQSuite
T1
RT @CamKhosravi: CME Group launched 24/7 trading for its crypto futures and options last Friday @ 4pm CT. Its first weekend of trading clea…@CryptoNews_eth via PiQSuite
T1
24/7 regulated crypto futures and options trading are here through @CMEGroup, and Ripple Prime is a day-one clearing partner. Institutional demand meets institutional infrastructure. Built for always-on markets.@Ripple via PiQSuite
T1
$50M in 72 Hours: CME Group's 24/7 Crypto Futures Debut Draws Institutional Demandm.piqsuite.com
T1
CME Group Goes Live With 24/7 Crypto Futures and Options, Launches Bitcoin Volatility Contractsm.piqsuite.com
T1
NEW: CME Group has officially launched 24/7 trading for its cryptocurrency futures and options products, bringing regulated crypto derivatives closer to the always-on nature of digital asset markets. https://t.co/xxSoJM0Rkj@CoinDesk via PiQSuite
T1
CME Sees Strong First Weekend for 24/7 Crypto Futures With $50 Million Tradedm.piqsuite.com
T1
CME's 24/7 crypto derivatives market sees $50 million in opening weekend trading https://t.co/yg6lqvTjDP@TheBlockCo via PiQSuite
T1
DATA: @CMEGroup's new 24/7 crypto futures market saw 7,200+ contracts traded at ~$50M in notional value in its opening weekend, with the exchange calling demand "clear." https://t.co/xmpjV6dEpg@CoinDesk via PiQSuite
T1
Ripple Prime Joins CME 24/7 Crypto Futures Launchm.piqsuite.com
T1
US exchanges extend selloff as perpetual futures approval unnerves investorsm.piqsuite.com
T1
US exchanges extend selloff as perpetual futures approval unnerves investorsm.piqsuite.com

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