CME Group Inc. (NASDAQ: CME) launched 24/7 trading for cryptocurrency futures and options, expanding beyond traditional market hours to provide continuous access to regulated digital asset derivatives.

The expanded trading hours began on May 29, marking the first time regulated cryptocurrency futures contracts became available for trading at any hour throughout the week. During the inaugural weekend, more than 7,200 cryptocurrency futures and options contracts were traded, representing approximately $50 million in notional value.

The company also introduced Bitcoin Volatility futures for 24/7 trading. These products allow investors to trade views on 30-day implied volatility of bitcoin without taking directional price positions.

"By offering continuous liquidity over the weekend, we are meeting client demand and bridging the gap between traditional regulated venues and the 24/7 nature of crypto assets," said Tim McCourt, Global Head of Equities, FX and Alternative Products at CME Group.

The launch received support from market participants including Robinhood Markets and clearing firms. JB Mackenzie, VP and GM of Futures and International at Robinhood Markets, noted the development bridges the weekend gap between traditional derivatives and spot markets.

CME Group first introduced Bitcoin futures contracts in 2017. The exchange operates the CME Globex trading platform and provides clearing services through CME Clearing.

The information is based on a company press release statement.