CME Group, owner of the world’s largest derivatives exchange operator by trading volume, said it’s actively considering launching its own coin and moving all of its crypto products to 24/7 trading during its Q4 earnings call on Wednesday.
CME Group Chairman and CEO Terrence Duffy was responding to a question from Morgan Stanley analyst Michael Cyprys about the factors at play in allowing traders to use stablecoins, tokenized deposit tokens, or tokenized funds as collateral.
He said the company has a tokenized cash “initiative” that’s being rolled out with Google later this year. The tokenization deal with the tech giant was announced March 2025, and promised to deliver “secure wholesale payments and tokenization of assets.”
“So not only are we looking at tokenized cash, obviously, we’re looking at different initiatives with our own coin that we could potentially put on a decentralized network for other of our industry participants to use,” Duffy said during the Wednesday morning earnings call. “So there’s multiple different ways that we’re approaching this to create efficiencies for our clients going forward, without introducing any additional risk to the system.”
Potentially launching a coin on a decentralized, public network is a key distinction from some of CME’s Wall Street competitors. Citigroup, which has claimed that “tokenization really could be the next big thing,” has taken the same route as JPMorgan in that it’s using a token and private network to facilitate faster settlement for institutional clients.
Meanwhile, CME’s mention of around-the-clock trading for crypto funds isn’t brand new.
The company has been considering 24/7 trading for its crypto products for a while. Back in October 2025, the firm said its cryptocurrency futures and options would begin trading around the clock in “early 2026, pending regulatory review.”
At the time, the firm was getting ready to launch its XRP and Solana futures. And since then, CME Group has also added Chainlink, Cardano, and Stellar to its suite of crypto products.
CME also reported that cryptocurrency trading volumes hit record levels in 2025, with average daily volume up 92% year over year in the fourth quarter, representing more than $13 billion in notional value traded per day.
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Read the full article here
Verify the accuracy of this article using AI-powered analysis and real-time sources.
Enter your email to receive detailed fact-checking analysis
You've used your 5 free reports. Sign up for unlimited access!
Already have an account? Sign in here
The FSNN News Room is the voice of our in-house journalists, editors, and researchers. We deliver timely, unbiased reporting at the crossroads of finance, cryptocurrency, and global politics, providing clear, fact-driven analysis free from agendas.
We and our selected partners wish to use cookies to collect information about you for functional purposes and statistical marketing. You may not give us your consent for certain purposes by selecting an option and you can withdraw your consent at any time via the cookie icon.
Cookies are small text that can be used by websites to make the user experience more efficient. The law states that we may store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies, we need your permission. This site uses various types of cookies. Some cookies are placed by third party services that appear on our pages.
Freedom Index