June 5, 2023

CME will suspend trading due to coronavirus

CME will suspend trading due to coronavirus

The Chicago Mercantile Exchange, North America’s largest financial derivatives market, announced plans to close its trading floor due to an outbreak of coronavirus.

CME Group, which, among other things, tradessettlement bitcoin futures will temporarily stop the hall after the end of trading on Friday. According to the press service, not a single case of infection was registered in the building, but this step will be a precaution to avoid the spread of the virus into the US financial markets.

Resume Date the site is still unknown and will depend on the recommendations of epidemiologists. The headquarters of the company will continue to work in standard mode.

Currently, the Illinois state where the exchange is located has already registered 25 cases of COVID-19 infection.

Coronavirus affects not only tradeactivity, but also on the state of markets, including cryptocurrency. Against the backdrop of a general recession, investors are transferring their capital to the safest assets, to which they still do not attribute bitcoin.