CME Posts Record Q3 Revenue As Crypto Derivatives Push Continues

TL;DR: CME reported record third-quarter revenue of about $1.74 billion on October 21. The results provide a fresh look at a major crypto-derivatives operator, but they do not separately identify crypto revenue or its contribution to the increase. CME Group’s third-quarter revenue rose approximately 13% from a year earlier, as the exchange operator reported a record Q3 for revenue and average daily trading volume. The company’s October 21 earnings release shows revenue of $1.7373 billion, compared with $1.5376 billion a year earlier. Average daily volume was approximately 29.4 million contracts, while market-data revenue reached $243 million. Those are company-wide figures. They span CME’s markets and should not be presented as measurements of cryptocurrency trading alone. Crypto Expansion Sits Inside A Much Larger Business CME has been broadening its digital-asset offering. In a September 22 product announcement, it scheduled Bitcoin Cash and Uniswap futures for October 19, subject to regulatory review, with both standard and Micro contract sizes. That earlier release also reported first-half crypto futures and options average daily volume of 279,800 contracts, representing $8.3 b...