CME refuses to accept meme coins and considers offering 24/7 trading.

The world's largest derivatives exchange, the Chicago Mercantile Exchange Group (CME Group), stated that it has no plans to launch derivatives related to meme coins due to a lack of practical applications. CME's focus is on infrastructure tokens such as Bitcoin, Ethereum, Solana, and XRP.

The trading volume of Solana and XRP futures on the CME is astonishing: since their launch, SOL futures trading volume has approached $5 billion, while XRP futures trading volume has approached $2 billion. SOL's daily trading volume ranges between $75 million and $100 million, and XRP futures trading volume set a record of $235 million last Friday.

Although the cryptocurrency market operates around the clock, the CME currently only trades from Sunday evening to Friday evening. The company is considering expanding trading to be around the clock to narrow the gap with the spot market, but no official decision has been made yet.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-71fd2c88vip
· 15h ago
Steadfast HODL💎
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)