CME Group Expands Crypto Trading with 24/7 Markets and Volatility Futures

CME Group has made significant changes to its crypto trading platform, introducing 24/7 trading on its futures and options, as well as launching Bitcoin volatility futures. This move is seen as an effort to fill a gap that existed since CME's first Bitcoin futures contract in 2017.

The introduction of 24/7 trading allows traders to react to market events at any time, rather than being restricted by the traditional Monday-to-Friday schedule. The launch also saw the introduction of Bitcoin volatility futures, which settle against the CME CF Bitcoin Volatility Index (BVX).

This index measures 30-day implied volatility and is calculated from real-time data from the Bitcoin options order book. The BVI futures allow traders to take long or short positions on the intensity of expected fluctuations in the market.