Friday, Feb 20, CME to Launch 24/7 Crypto Trading in May

This episode breaks down Polymarket's Substack move, Kraken's acquisition spree, and CME's shift to 24/7 crypto futures — and what it means for markets.

Key Takeaways

Polymarket acquired Dome to add unified APIs and developer infrastructure, partnered with Substack to embed markets and pay creators — expect faster integrations and broader distribution.
The Polymarket–Substack integration sparked criticism as gambling; media and regulators are scrutinizing prediction markets, increasing legal and reputational risk for platforms.
Kraken's acquisitions, including Magna, aim to own the token lifecycle from issuance to trading; Magna handles vesting, claims, distributions and escrow for 160+ clients.
Industry consolidation continues: Coinbase bought Liquify for token issuance, Anchorage acquired Hedgie for vesting tools, and Kraken reportedly raised $800M at a $20B valuation.
CME will launch 24/7 crypto futures and options on May 29 with weekly two‑hour maintenance and next‑business‑day clearing, starting with Bitcoin and Ethereum.
Institutional demand is growing: 2025 notional crypto volume hit $3T and 2026 average daily volume rose 46% to 407,200 contracts; CME added SOL, XRP, ADA, LINK, XLM futures.

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