New Era of Crypto Trading Begins
Market developments show that CME Group has announced the launch of 24/7 trading for crypto futures and options, starting from May 29. This move is driven by the growing demand for digital assets and signals CME's confidence in the long-term potential of the crypto market.
Driven by Market Demand
Tim McCourt, head of global markets at CME, shared in an interview that the trading volume of crypto products exceeded $3 trillion last year, highlighting strong market interest. The decision to offer round-the-clock trading aims to provide investors with more flexibility and responsiveness.
Reduction in Weekend Volatility Expected
Experts suggest that the introduction of 24/7 trading on CME could help reduce Bitcoin's weekend price swings, thereby minimizing discrepancies across different exchanges and enhancing market stability.
Bitcoin's Emerging Role
Some analysts propose that Bitcoin may evolve into a proxy for global risk events, reflecting market sentiment toward uncertainties, especially during periods when traditional markets are closed.