CME Group (NASDAQ: $CME) said Wednesday its new Avalanche (CRYPTO: $AVAX) and Sui (CRYPTO: $SUI) futures are now available for trading, with the first block trades executed between FalconX and G-20 Group. The launch adds two more altcoin contracts to CME’s regulated crypto derivatives suite, extending the exchange’s product lineup beyond bitcoin, ether and the larger group of assets already available to institutional traders.
Institutional demand for crypto exposure is becoming more specific. Rather than relying only on broad market proxies, traders are increasingly looking for regulated tools to hedge and express views on individual networks. Avalanche and Sui both sit in that next layer of assets where liquidity, treasury accumulation and ecosystem growth are starting to matter more to professional market participants. CME’s futures give those investors a familiar venue to manage that risk without leaving the regulated derivatives framework.
Giovanni Vicioso, CME Group’s global head of cryptocurrency products, said early support for the contracts shows clients are looking for regulated products that can help manage price risk and pursue opportunities across a wider range of crypto instruments. The contracts are being offered in both micro and larger-sized formats, giving participants more flexibility around position sizing and capital efficiency.
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FalconX global co-head of markets Joshua Lim said the launch reflects two trends the firm is seeing: broader altcoin index exposure and the accumulation of assets such as AVAX and SUI by digital-asset treasury companies. Jonathan Mathai, head of trading at G-20 Group, said large allocators continue to favor onshore U.S. derivatives when safety and compliance are central to the trade.
CME also said its cryptocurrency futures and options will move to 24/7 trading beginning May 29, bringing its regulated crypto venue closer to the nonstop rhythm of the underlying market.
Avalanche (CRYPTO: AVAX) is currently trading at $9.61 U.S. per digital token, while Sui (CRYPTO: SUI) is trading at $0.99 U.S. per digital token.
