CME Group, the world's leading derivatives marketplace, today announced plans to expand its leading suite of regulated Cryptocurrency derivatives with the launch of Avalanche (AVAX) and Sui (SUI) futures on May 4, pending regulatory review.
Market participants will have the choice to trade both micro-sized and larger-sized contracts:
- AVAX futures (5,000 AVAX) and Micro AVAX futures (500 AVAX)
- SUI futures (50,000 SUI) and Micro SUI futures (5,000 SUI)
"Our new micro- and larger-sized Avalanche and Sui futures will provide clients with greater choice, enhanced flexibility and more capital efficiencies across our deeply liquid, regulated Crypto derivatives complex," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "We continue to see strong volumes as market participants turn to our markets to manage risk and pursue opportunities, with March average daily volume up 19% year-over-year and nearly $8 billion in average notional value traded daily."
"CME Group's continued expansion of its Cryptocurrency derivatives suite reflects the growing demand for regulated, institutionally-sound products in this asset class." said Justin Young, CEO and Co-founder of Volatility Shares. "As one of the world's largest traders of crypto futures, Volatility Shares has long believed that a deeper, more accessible marketplace benefits all participants – from institutional hedgers to individual investors. We are proud to support this next chapter of market evolution."
''With sustained and increasing interest in digital assets, we welcome the continued rollout of additional derivatives tailored to high-growth crypto assets," said Isaac Cahana, CEO of Plus500US. "These new contracts further broaden access for our global customers, allowing them to participate in evolving markets with greater flexibility and improved capital efficiency''
Avalanche and Sui futures will join the company's rapidly expanding Cryptocurrency derivatives offerings, including recently launched Cardano, Chainlink and Stellar futures contracts. Additionally, beginning May 29, CME Group Cryptocurrency futures and options will be available for trading 24 hours a day, seven days a week.
