CME’s Crypto Clock Ticks 24/7! 🚨

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CME Group is flipping the switch on crypto trading so hard, it’s gonna burn your eyes out! 🌟💸

CME’s Crypto Desk Plans to Never Sleep

CME Group said the shift will make its regulated crypto complex “always on,” matching a market that never sleeps while keeping it inside familiar risk rails. It’s Wall Street’s wrapper for a crypto habit. 🧠🧨

Tim McCourt, the company’s global head of equities, FX and alternative products, stated that client demand has pushed for continuous access so firms can manage exposure every day of the week. Because nothing says “financial innovation” like letting your portfolio crash at 3 AM. 🕰️

Trading will occur nonstop on CME Globex with a short, weekly maintenance window of at least two hours on weekends, the company said. Because even the market needs a power nap. 🛌

Holiday and weekend activity from Friday evening through Sunday evening will be assigned the next business day’s trade date, with clearing, settlement and regulatory reporting processed on that business day. Because nothing says “regulatory rigor” like making your trades wait for a Monday. 📅

CME’s plan aims to combine crypto’s nonstop tempo with the exchange’s clearinghouse discipline, giving institutions a venue that operates when price action does. Or as we call it, “Wall Street’s version of a 24/7 coffee shop.” ☕

The move follows a year of record activity across CME’s crypto contracts. On Sept. 18, the company cited that notional open interest reached $39 billion, a high for the venue. Because nothing says “stability” like a $39 billion bet on a digital asset. 🧨

In August, average daily open interest hit 335,200 contracts, up 95% year over year and representing about $31.6 billion notional, the company reported. Because who needs sleep when you can track 335,200 contracts? 🕰️

August also set a record average daily volume of 411,000 contracts, up 230% year over year and equivalent to roughly $14.9 billion notional. Because nothing says “financial freedom” like a $14.9 billion bet on a coin. 🎰

The exchange counted more than 1,010 large open interest holders across its crypto suite during the week of Sept. 25, signaling broader institutional participation. Because nothing says “trust” like 1,010 institutions betting on crypto. 🧠

CME Group concluded by stressing that the 24/7 rollout remains subject to regulatory review and will begin in early 2026 if fully approved, with more operational details to follow. Hours will finally match market reality at last. Or as we say, “Finally, a market that’s as chaotic as your ex’s text messages.” 💸

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2025-10-02 19:38