CFTC Explores 24/7 Crypto Derivatives and Perpetual Trading
The U.S. Commodity Futures Trading Commission (CFTC) is reviewing proposals for round-the-clock trading of derivatives. However, so far, all suggestions have focused only on crypto products, not traditional commodities.
Acting CFTC Commissioner Caroline Pham stated that 24/7 trading can enable market participants to respond immediately to unpredictable situations over the weekend. A continuous trading schedule can enable risk managers to respond quickly to abrupt changes, avoiding delay and losses.
Coinbase Derivatives just introduced 24/7 Bitcoin futures, and already it’s experiencing robust participation. Trading activity over the weekends is on par with weekdays, with more than 1,000 traders and hundreds of thousands of contracts…
