Bitcoin’s Famous CME Gaps to Disappear Forever as CME Group Launches 24/7 Futures TradingThe Chicago Mercantile Exchange (CME) has launched 24/7 trading for Bitcoin futures and options on its Globex platform.
CME Group announced that it will be entering the around-the-clock cryptocurrency market.
Bitcoin futures and options trading will be available 24/7 starting this Friday on the Globex trading platform. There will only be a 60-minute maintenance pause every single Sunday from 18:00 to 19:00 UTC+8.
Essentially, this means the well-known, crowd-favorite CME gap, caused by weekend market closures, will be no more.
The CME gap became incredibly popular as Bitcoin futures started to gain popularity on CME years ago. In fact, many traders used them as a signal that the price will eventually revisit the closing price before the weekend, essentially “closing” the gap.
The post Bitcoin’s Famous CME Gaps to Disappear Forever as CME Group Launches 24/7 Futures Trading appeared first on CryptoPotato.
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Bitcoin’s Famous CME Gaps to Disappear Forever as CME Group Launches 24/7 Futures Trading
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