Cryptocurrencies

CME Group Moves Closer to 24/7 Crypto Derivatives Trading

CME Group headquarters in Chicago.

Photographer: Christopher Dilts/Bloomberg

CME Group Inc. is moving closer to crypto’s always-on trading model, saying it will allow futures and options on digital assets to trade 24 hours a day later this year.

The contracts will trade continuously on CME’s Globex platform as of May 29, with at least a two-hour weekly maintenance window over the weekend, subject to regulatory review, the Chicago-based company said in a statementBloomberg Terminal Thursday. Trades executed from Friday evening through Sunday evening will carry a trade date of the following business day, with clearing, settlement and regulatory reporting also processed the next day — preserving traditional clearing mechanics even as trading hours expand.