CME Suspends Trading Due To Outbreak Of Coronavirus

Due to the outbreak of coronavirus, crypto companies and organizations are changing the way they conduct their business. According to the CNBC report of March 11, CME, the world's largest financial and crypto derivatives exchange, suspends trading in Chicago from March 13. The exchange refers to the precautionary principle regarding the spread of coronavirus. The CME press service says that any cases of coronavirus have not been reported, however, the resume date will be determined according to medical recommendations.

At the moment, the NYSE has not been closed, despite the fact that 1322 confirmed cases of human coronavirus are registered in the United States. The Nasdaq Exchange is preparing a reserve trading platform in Philadelphia.

Many cryptocurrency exchanges encourage employees to work remotely. For example, Coinbase and Messari reported that their employees would work from home until they received further medical recommendations. However, CME headquarters employees don’t work remotely. The staff of 450 people stay working in the office.

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