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Markets2h 13m ago

CME Group launched 24/7 trading for its crypto futures and options on May 29, coinciding with Bitcoin falling below $70,000 and experiencing significant liquidations.

not specified

Who
CME Group, Tim McCourt, Terry Duffy
What
CME Group launched 24/7 trading for its crypto futures and options on May 29, coinciding with Bitcoin falling below $70,000 and experiencing significant liquidations.
When
Sat, 13 Jun 2026 08:25:39 GMT · 2h 13m ago
Where
not specified ·
Why
CME launched 24/7 trading to bridge the gap between regulated venues and the always-on nature of crypto assets, aiming to offer institutional investors tools to hedge during previously unaddressed windows.
The Frontline Impact

How this affects you

The launch of 24/7 CME Bitcoin futures during a period of market deleveraging and volatility raises questions about whether this new accessibility will stabilize or accelerate weekend crypto risk. Nearly $10 billion in long-futures liquidations occurred within a week of the launch, impacting many traders holding outsized positions.

Story chain

3 events in this thread
  1. Currently Reading2h 13m ago
    CME Group launched 24/7 trading for its crypto futures and options on May 29, coinciding with Bitcoin falling below $70,000 and experiencing significant liquidations.
  2. Markets2h 13m ago
    CME Group launched 24/7 trading for its crypto futures and options on May 29, leading to over 7,200 contracts worth roughly $50 million in notional value changing hands over the first weekend.
    Open article
  3. Markets2h 13m ago
    Bitcoin slid below $70,000 and experienced significant deleveraging with nearly $10 billion in long-futures liquidations over a single week, following the launch of CME Group's 24/7 crypto futures and options on May 29.
    Open article

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