Crypto Derivatives: CME Group to Launch Avalanche and Sui Futures on May 4

CME Group said it plans to introduce regulated futures contracts tied to Avalanche (AVAX) and Sui (SUI) on May 4, subject to regulatory approval. The exchange will list both standard and micro-sized contracts: AVAX futures will represent 5,000 tokens for the standard contract and 500 tokens for the micro version, while SUI futures will represent 50,000 tokens and 5,000 tokens, respectively. The planned launch follows CME's rollout of Cardano, Chainlink and Stellar futures earlier this year, underscoring rising institutional demand for crypto derivatives. In March, average daily volume across CME's crypto derivatives increased 19% year over year, with nearly $8 billion in average daily notional value traded. CME also said it will extend trading to 24/7 for its full suite of crypto futures and options beginning May 29, bringing its derivatives offering in line with the round-the-clock nature of spot crypto markets.