AVAX lands on CME as Avalanche futures begin trading in Chicago
Avalanche (AVAX) futures began trading yesterday on CME Group, the world's largest derivatives exchange. Standard contracts represent 5,000 AVAX and micro contracts 500 AVAX. Both are cash-settled in U.S. dollars using the CME CF Avalanche-Dollar Reference Rate. The product code is AVA on Globex.
The listing marks Avalanche's third major institutional milestone over the past year, following the launch of three spot ETFs, including VanEck's VAVX in January, and two digital-asset treasuries holding avalanche2:native. BlackRock has also built a $500 million tokenized fund on Avalanche infrastructure.
CME will move its crypto futures complex to 24/7 trading on May 29, narrowing the remaining structural gap between regulated venues and native crypto markets. With the addition of AVAX, CME's suite includes bitcoin:native, $ETH, $SOL, $XRP, $ADA, $LINK, $XLM, and $SUI.