CME 集团革命性的 24 小时加密货币期货交易将于 5 月 29 日推出，改变全球市场

CHICAGO, May 15, 2025 – CME Group, the world’s leading derivatives marketplace, announced today a groundbreaking expansion of its cryptocurrency trading hours. The company revealed plans to introduce 24-hour trading for its crypto futures and options products starting May 29, pending regulatory approval. This strategic move fundamentally transforms institutional access to cryptocurrency markets and represents a significant milestone in digital asset maturation.

芝商所加密货币期货扩展细节

CME Group confirmed the 24-hour trading schedule through its official X account. The expanded trading window will cover Bitcoin futures, Micro Bitcoin futures, Ethereum futures, and related options contracts. Consequently, institutional investors gain unprecedented flexibility in managing cryptocurrency exposure. The current trading schedule operates approximately 23 hours daily with a one-hour break.然而，新的连续模型完全消除了这种中断。

市场参与者将从中部时间周日晚上到周五下午进行交易。 This schedule aligns with global cryptocurrency exchanges operating continuously. Significantly, the expansion addresses growing demand from international institutional clients. These clients require consistent hedging capabilities across time zones. The move follows extensive consultation with trading firms and regulatory bodies.

机构加密货币市场演变

The cryptocurrency derivatives market has experienced remarkable growth since CME launched Bitcoin futures in December 2017. Initially, trading volumes remained modest compared to traditional assets. However, institutional participation accelerated dramatically following several key developments. Regulatory clarity improved in major jurisdictions. Additionally, established financial firms developed sophisticated custody solutions.此外，养老基金和保险公司开始配置数字资产。

CME’s Bitcoin futures reached record volumes exceeding $5 billion daily in early 2025. Similarly, Ethereum futures demonstrated consistent growth following their 2021 launch.期权市场也大幅扩张。 Market makers and proprietary trading firms increasingly utilized these products for sophisticated strategies. These strategies include volatility trading and structured product creation.

Comparative Analysis of Crypto Derivatives Markets

平台

交易时间

主要产品

每日平均交易量（2025 年第一季度）

芝商所

24 小时（建议）

$BTC/$ETH 期货和期权

48亿美元

德里比特

24小时

$BTC/$ETH 期权

21亿美元

币安

24小时

永续合约

183亿美元

克拉肯

24小时

期货

8.5亿美元

这种扩张使 CME 相对于加密货币原生交易所具有竞争力。 However, CME maintains distinct advantages including:

Regulatory oversight from CFTC and established compliance frameworks

具有经过验证的结算系统的机构级基础设施

通过清算会员和经纪商与传统金融整合

某些合约的实物交割选项

全球市场影响和监管考虑因素

24小时交易计划需要监管部门批准才能实施。芝商所 (CME) 在商品期货交易委员会的监督下运营。美国商品期货交易委员会（CFTC）历来批准延长其他资产类别的交易时间。其中包括股指期货和国债产品。因此，批准似乎有先例。然而，该机构将审查具体的风险管理协议。

国际监管机构也在密切关注这些事态发展。欧洲当局最近最终确定了 MiCA 法规。亚洲司法管辖区继续开发加密框架。因此，芝商所的扩张可能会影响全球监管方式。此举表明了加密货币市场的制度化。此外，它还提供亚洲和欧洲交易时段的价格发现服务。

市场结构影响包括：

传统非交易时段的流动性增强

减少交易时段之间的波动差距

提高跨交易所套利效率

为全球机构提供更好的风险管理

市场发展专家观点

金融分析师强调了几个重要的考虑因素。首先，持续交易需要强大的运营支撑。 CME 必须全天候维护系统和人员配备。其次，流动性提供者需要激励隔夜做市。交易所通常通过费用结构来解决这个问题。第三，风险管理系统必须无缝运行，无需每日重置。

行业专家指出，这一发展完成了多年的制度化进程。传统金融最初谨慎对待加密货币。然而，基础设施的改进改变了这种动态。专业交易公司现在主导着衍生品市场。此外，与传统屁股的相关性