Assets, Bitcoin

What Time Does CME Bitcoin Open?

The CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is the world’s largest derivatives exchange.

They offer futures contracts on a wide range of assets, including commodities, equity indexes, foreign exchange, and cryptocurrencies. The CME Group launched their Bitcoin futures contract on December 18, 2017.

So, when does the CME Bitcoin contract open? The answer may surprise you.

The CME Bitcoin contract is a cash-settled contract that tracks the price of Bitcoin on the Gemini exchange. The contract unit is 5 Bitcoin, meaning that each contract is worth $25,000 (as of writing this article).

The contract is traded in US dollars and can be settled in US dollars or in Bitcoin.

NOTE: This warning note is to alert you to the risks of trading in cryptocurrency markets, such as CME Bitcoin. Cryptocurrency investments can be highly volatile and involve significant risks. Before trading in these markets, it is important for you to understand the risks associated with them and ensure that you have sufficient knowledge and experience to make informed decisions. You should not invest more than you are prepared to lose and always seek independent advice before investing.

The CME Bitcoin contract is open for trading Sunday through Friday from 5:00 p.m. to 4:00 p. CT (Central Time). However, the trading day for the CME Bitcoin contract actually begins at 3:00 p. CT on Sunday.

This is because the Gemini exchange, which the CME contract tracks, is based in New York City and observes Eastern Time. So, when it is 3:00 p. CT on Sunday, it is also 4:00 p. ET on Sunday on the Gemini exchange.

The CME Bitcoin contract is one of the few financial instruments that are open for trading on a Sunday. Most markets are closed on Sundays, with the exception of a few select markets such as the Forex market and some cryptocurrency exchanges.

The fact that the CME offers a Bitcoin futures contract that can be traded on a Sunday highlights the growing popularity and legitimacy of cryptocurrencies.

The bottom line is that the CME Bitcoin futures contract opens for trading at 3:00 p. CT on Sundays and closes at 4:00 p.

CT on Fridays. However, due to the time difference between Chicago and New York City, the actual trading day for the CME Bitcoin contract begins at 4:00 p. ET on Sundays on the Gemini exchange.

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