CME Group Launches 24/7 Bitcoin Volatility Futures with First Block Trades
CME•CME Group executed first block trades for its new Bitcoin Volatility Index futures between DV Chain and Monarq Asset Management, enabling 24/7 trading. The cryptocurrency suite’s 24/7 launch contributed to a 38% year-over-year increase in average daily volume to 266,900 contracts.
1. Launch Details
CME Group executed its first Bitcoin Volatility Index futures trades as block transactions between DV Chain and Monarq Asset Management on June 5, marking the debut of this new contract.
2. 24/7 Trading Framework
The new futures contract operates on a round-the-clock schedule, allowing investors to isolate and manage portfolio volatility risk independent of price direction at any hour, any day.
3. Cryptocurrency Suite Growth
Since introducing 24/7 trading on May 29, the cryptocurrency suite has achieved an average daily volume of 266,900 contracts (up 38% year-over-year) and daily open interest of 274,500 contracts (up 18%).
