Description of Meme Coin from the World's Largest: Is DOGE and TRUMP Coming? - Coin Bulletin

The world’s largest derivatives exchange, CME Group, made statements that clarified the question marks regarding whether they will launch any products related to meme coins.

Recently, CME Group, which has gained significant interest with Ripple (XRP) and Solana (SOL) futures products in the cryptocurrency space, is taking a clear stance on meme coins. Gio Vicioso, the manager responsible for CME’s crypto products, stated that derivative products related to meme coins such as Dogecoin (DOGE) and Trump Coin (TRUMP) will not be launched, as the real-world use cases of such assets are insufficient.

Among the company’s recent moves, SOL and XRP futures products are attracting significant interest among institutional investors. Since the launch of Solana futures in February, nearly 5 billion dollars in transactions have taken place to date, with daily volumes ranging between 75 million and 100 million dollars. In the XRP futures that started in May, last Friday saw a single-day volume of 235 million dollars, breaking records and reaching a total of approximately 2 billion dollars.

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Due to the continuous activity of the cryptocurrency markets, CME is also considering expanding its current trading hours and transitioning to a 24/7 trading model. Currently, trading on the exchange takes place from Sunday evening at 18:00 to Friday evening at 17:00, with a daily one-hour maintenance break.

During this period when major exchanges like Nasdaq and New York Stock Exchange (NYSE) are preparing for 24/7 trading, CME executive Gio Vicioso stated, “We are looking into this matter but we do not have an official decision yet. As interest in our products increases and the crypto market matures, the idea of filling the gap between Friday evening and Sunday evening is gaining importance.”