March 29, 2024

CME suspends trading in Chicago due to the spread of coronavirus

CME suspends trading in Chicago due to the spread of coronavirus

The Chicago Mercantile Exchange (CME) is suspending trading in Chicago, including Bitcoin derivatives. Solutionwas adopted in connection with the spread of the coronavirus recognized by the WHO pandemic.

According to a CNBC report, the Chicago Mercantile Exchange- the second company that launched Bitcoin futures in the United States in December 2017 - will suspend trading in Chicago as of March 13. CME cited the need for caution due to the spread of coronavirus.

In January, the world's largest financial exchangederivatives CME launched Bitcoin options trading, which on the first day exceeded similar trading volumes on Bakkt. Yesterday, the CME released a statement explaining the reasons for the trading suspension:

“In the trading floor or in the Chicago trading buildingno cases of coronavirus were recorded in the ward. However, the opening of trading will occur as additional medical recommendations for coronavirus appear. ”

All 450 employees at CME's Chicago headquarterswill continue to work in the office, while some cryptocurrency exchanges and companies are changing their operating hours due to the spread of COVID-19. Thus, the Coinbase exchange and the analytical firm Messari transferred employees to work from home. Blockstack is also encouraging employees to work remotely.