CME Group, a leading exchange between institutions, announced on Thursday plans to offer a 24-year exchange for its term markets and cryptocurrency options, a change that would bring one of the largest derived places regulated according to the non-stop nature of cryptographic markets.
The service could start at the start of the pending regulatory approval, said the firm.
“Customers’ demand for cryptocurrency trading 24 hours a day has increased because market players must manage their risks every day of the week,” said Tim McCourt, a global leader in Actions, FX and alternative CME products. “Ensure that our regulated cryptocurrency markets are still underway, allow customers to negotiate with confidence at any time.”
Currently, CME’s cryptographic products trade ends on weekends and outdoor office hours. As part of the new model, traders will be able to access products such as Bitcoin and ether Futures and options via CME Globex at any time and day, with the exception of a short weekly maintenance window. The holiday professions and the weekend will always be satisfied with the next working day, maintaining the consistency of reporting and compensation operations.
This decision could call on institutions that wish to stability a regulated exchange without the constraints of traditional negotiation hours. If it is approved, CME 24/7 access could give it an advantage on offshore platforms which already offer 24/7 trading but operate with less regulatory monitoring.
The CME group’s trading location is a key market for American institutional investors to exchange cryptographic derivatives. This is the first world exchange for BTC and the term contracts on ETH by open interests, with $ 16.8 billion and $ 9.8 billion in notional value contracts, respectively, Coinglass data show.
