CME focuses on trading derivative products of cryptocurrencies with real practical utility, not opening the door for meme coins.
Meanwhile, many other entities actively release products linked to meme coins like Dogecoin or TRUMP, to attract investors looking to access high-speculative tokens.
MAIN CONTENT
CME only develops derivative products based on coins with clear practical applications, excluding meme coins.
CME is planning to expand trading hours to 24/7 to meet the high demand from cryptocurrency investors.
Other cryptocurrency exchanges quickly list meme coins, especially TRUMP, at a pace exceeding that of other meme coins.
What cryptocurrency derivative products is CME implementing and why are there no meme coins?
Gio Vicioso, Global Head of Cryptocurrency Products at CME Group, asserts that CME only launches derivative products based on coins/tokens with practical applications, thus will not participate in the meme coin sector due to the lack of value basis.
"We focus on developing products based on coins with clear use cases, not considering meme coins due to lack of specific utility."
Gio Vicioso, Head of Cryptocurrency Products at CME Group, 2025
For example, CME only issues cryptocurrency futures contracts linked to major coins like Solana, XRP, Bitcoin, and Ethereum. The Solana Futures product, launched in March 2025, has achieved nearly $5 billion in total trading volume, with daily trading ranging from $75 million to $100 million. The XRP Futures contract also shows strong appeal with nearly $2 billion in accumulated trading volume and a peak of $235 million/day.
Does CME plan to expand 24/7 trading for cryptocurrency derivative products?
CME is researching expanding trading hours to 24/7 to meet the surging demand from investors, especially during the weekend breaks.
Currently, CME contracts only operate from Sunday 6 PM to Friday 5 PM (ET), with a 1-hour maintenance break each day. However, according to Gio Vicioso, connecting the weekend breaks is very necessary so that investors can trade continuously.
"We have noticed a high demand for trading from the weekend through the beginning of the week, so improving the system to allow 24/7 trading is a top priority."
Gio Vicioso, Head of Cryptocurrency Products at CME Group, 2025
Major exchanges like Nasdaq and NYSE are also actively upgrading infrastructure to support 24/7 trading for a variety of highly volatile assets, prominently including the cryptocurrency sector.
Why do cryptocurrency exchanges quickly list meme coins like TRUMP while CME refuses?
Unlike CME, many crypto exchanges quickly embrace meme coins to attract speculative capital. According to Reuters, TRUMP coin was listed on 8 major exchanges just 48 hours after launch, much faster than other prominent meme coins like Pepe, Bonk.
Coinbase announced the plan to list TRUMP on January 18, 2025, and officially listed it on January 21, while Upbit was the last in the top 10 to list the token on February 13. This shows a high level of prioritization despite many concerns about insider trading risks.
Exchanges like Bitget, MEXC, OKX, Coinbase, and Upbit all confirm that they have taken thorough vetting steps before listing TRUMP to mitigate risks for investors.
How does the difference in approach to meme coins reflect the development strategy of exchanges?
CME emphasizes building a derivatives product ecosystem tied to assets with superior utility value, aiming to attract professional investors that meet strict management standards.
On the other hand, cryptocurrency exchanges focus on expanding their product portfolio, increasing diversity and appeal, especially to speculative traders who favor short-term profit opportunities from meme coins.
CME Group Criteria Other cryptocurrency exchanges (Binance, Coinbase, ...) Product type Derivatives on coins with practical applications Spot, derivatives including both meme coins and popular coins Trading scope Not yet 24/7, planning to expand 24/7 trading is common Listing standards Strict, does not accept meme coins Relaxed, supports diverse tokens, including meme coins Development goals Long-term investment, professional, risk management Attracting speculative capital, increasing liquidity and user numbers
Frequently Asked Questions about cryptocurrency trading at CME and meme coins
Does CME support meme coin trading? CME does not provide derivative products for meme coins due to the lack of clear utility and strict product standards. Why does CME want to expand trading to 24/7? To meet the increasing trading demand and reduce weekend downtime, making it easier for investors to access the market. Which exchange listed the meme coin the fastest? The TRUMP token was listed on eight major cryptocurrency exchanges in just 48 hours, much faster than other meme coins. How do cryptocurrency exchanges manage risks when listing meme coins? Many exchanges like Coinbase, Bitget, and OKX claim to implement a stringent assessment process before listing high-risk tokens like meme coins. What distinguishes the listing strategies of CME and popular cryptocurrency exchanges? CME focuses on high-quality, transparent derivative products, while cryptocurrency exchanges diversify their offerings to increase attractiveness and liquidity.
Source: https://tintucbitcoin.com/cme-giao-dich-tien-dien-tu-24-7-loai-meme-coin/
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