CME Group to add Avalanche and Sui futures to its crypto derivatives on May 4

CME Group, the world's largest derivatives exchange, plans to introduce futures contracts for Avalanche (AVAX) and Sui (SUI) on May 4, subject to regulatory approval. This expansion will bring two more layer 1 blockchain assets into regulated derivatives trading, joining existing contracts for Bitcoin, Ether, Solana, XRP, Cardano, Chainlink, and Stellar. Both full-sized and micro-sized contracts will be available for AVAX and SUI. CME Group's Global Head of Cryptocurrency Products, Giovanni Vicioso, stated that these new contracts will enhance client choice and capital efficiency in crypto derivatives markets, noting a 19% year-over-year increase in March's average daily volume. The move aligns with growing institutional interest in digital assets, as indicated by a survey showing increased allocations and a preference for regulated access, risk management, liquidity, and governance. Additionally, CME Group will transition its entire futures and options complex to 24/7 trading on May 29 to address weekend trading gaps.

(Source：Crypto Briefing)