Nodal Exchange has been named 2025 Commodity Exchange of the Year for the third year in a row by Energy Risk magazine. The Energy Risk Awards recognize excellence in financial risk management across the global commodities markets. Energy Risk presented the Commodity Exchange of the Year award at a ceremony in Houston on May 20, 2025.

“Nodal Exchange is honored to receive the Commodity Exchange of the Year award from Energy Risk for the eighth time,” said Paul Cusenza, Chairman and CEO of Nodal Exchange. “We are grateful for the support of our entire trading and clearing community without which this achievement would not have been possible, and we are pleased that Energy Risk has recognized our collective success.”

On June 13th, Nodal Clear expanded its 24×7 (24 hours by 7 days) clearing support for Coinbase Derivatives Exchange (CDE) to include Solana and XRP futures.

This extension comes just over a month since Nodal Clear announced it would be offering clearing support for 24×7 trading of select cryptocurrency futures contracts on CDE.

With the addition of Solana and XRP futures products, the following is the complete list of 24×7 eligible products:

• Bitcoin Futures (BTI) – 1 Bitcoin
• Ether Futures (ETI) – 10 Ether
• nano Bitcoin Futures (BIT) – 1/100th of Bitcoin
• nano Ether Futures (ET) – 1/10th of Ether
• nano Solana Futures (SOL) – 5 Solana
• nano XRP Futures (XRP) – 500 XRP
• Solana Futures (SLC) – 100 Solana
• XRP Futures (XRL) – 10,000 XRP

“Nodal Clear is proud to be the first clearing house to ever offer 24×7 clearing for margined futures contracts. The expansion of this support to Solana and XRP reflects our commitment to deliver operational excellence for our clearing members, Coinbase Derivatives Exchange and its trading community,” said Paul Cusenza, Chairman and CEO of Nodal Clear. “Our unique risk management approach sets us apart and allows us to support continuous trading.”

For more information on how Nodal Clear supports CDE’s 24×7 operations, please contact clearingsupport@nodalclear.com or call 703-962-9860.

Nodal Exchange announced new records in power and environmental futures. In power, Nodal set a calendar month record for May with traded power futures volume of 258 million MWh, up 5% from 245 million MWh in May 2024. Nodal continues to be the market leader in North American power futures with 57% share of open interest at the end of May with 1.493 billion MWh of open interest representing $146 billion of notional value based on both sides.

For the month, environmental markets on Nodal posted record May calendar month volume of 57,676 lots, up 11% from a year earlier. Nodal posted environmental open interest of 411,617 lots, up 21% from a year earlier. Further, Carbon futures and options open interest ended the month at 51,313 lots. Renewable energy certificate (REC) open interest ended the month at 318,382 lots. Renewable fuels open interest ended May at 41,922 lots.