CME Group launches Avalanche and Sui cryptocurrency futures trading

CME Group (NASDAQ: CME) announced the launch of Avalanche (AVAX) and Sui (SUI) cryptocurrency futures contracts, with first trades executed between FalconX and G-20 Group on May 6.

The derivatives marketplace introduced both micro-sized and larger-sized contracts for the new cryptocurrency futures products. Trading will be available 24 hours a day, seven days a week, beginning May 29.

"The early support we've seen for our AVAX and SUI futures contracts signals that clients are actively seeking regulated products to manage price risk and pursue new opportunities across a wider range of crypto instruments," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.

FalconX partnered with G-20 Group and CME Group to provide liquidity for the new futures contracts at launch. Joshua Lim, Global Co-head of Markets at FalconX, stated that the company sees growth in broader altcoin indices for crypto exposure and Digital Asset Treasuries' accumulation of assets like AVAX and SUI.

Jonathan Mathai, Head of Trading at G-20 Group, noted that large allocators favor onshore U.S. derivatives when safety and compliance are priorities. He described CME Group as the venue of choice from a fiduciary standpoint.

The new futures products expand CME Group's cryptocurrency offerings, which include futures and options trading across multiple digital assets. The company operates as a CFTC-regulated entity and provides clearing services through CME Clearing.

Information about the announcement came from a company press release.

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