CME Group announced on Tuesday that it plans to launch Avalanche (AVAX) and Sui (SUI) futures on May 4, pending regulatory review.
The new contracts will be available in both standard and micro sizes. AVAX futures will cover 5,000 AVAX per contract, with a micro version at 500 AVAX. SUI futures will cover 50,000 SUI, with a micro at 5,000 SUI.
The paired sizing follows the same template CME used when it launched Cardano, Chainlink and Stellar futures in February.
“We continue to see strong volumes as market participants turn to our markets to manage risk and pursue opportunities, with March average daily volume up 19% year-over-year and nearly $8 billion in average notional value traded daily,” said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products.
Isaac Cahana, CEO of Plus500US, said the contracts “further broaden access for our global customers, allowing them to participate in evolving markets with greater flexibility and improved capital efficiency.”
The AVAX and SUI listings come weeks before another operational shift. CME Group has said its cryptocurrency futures and options will move to 24/7 trading starting May 29, reducing the gap between listed derivatives hours and 24/7 spot crypto markets.
