共同首次公開全天候比特幣和以太坊期貨合約

這些創新的儀器將連續運行，反映出加密貨幣點市場的不間斷動態。

Coinbase Derivatives, LLC, a futures exchange operating under the auspices of the U.S. Commodity Futures Trading Commission (CFTC), is preparing to launch the inaugural round-the-clock bitcoin and ether futures contracts.

Coinbase Verivatives，LLC是在美國商品期貨交易委員會（CFTC）主持下運營的期貨交易所，正準備啟動就職典禮的全天候比特幣和以太期貨合約。

This development will provide U.S. traders with continuous access to risk management tools and market participation throughout the day and night.

這一發展將使美國交易者整夜不斷獲得風險管理工具和市場參與。

These instruments, which will trade in a 24/7 format, are modeled after the nonstop dynamics of cryptocurrency spot markets. They mark a departure from traditional trading hours and the fixed expiration schedules of standard futures contracts.

這些儀器將以24/7格式進行交易，以加密貨幣現貨市場的不間斷動態進行建模。它們標誌著傳統交易時間和標準期貨合約的固定到期時間表。

This innovation will enable both individual and institutional investors to make seamless adjustments to their positions in response to market shifts, a strategy that Coinbase says is intended to enhance overall market liquidity.

這項創新將使個人和機構投資者能夠對市場轉變進行無縫調整，這是Coinbase表示旨在提高整體市場流動性的一種策略。

The move to introduce 24/7 futures comes in direct response to the significant demand detected from U.S.-based crypto traders.

引入24/7期貨的舉動直接回應了美國加密貨幣交易者發現的重大需求。

Coinbase Derivatives has engaged with key stakeholders in the industry to ensure these new offerings meet regulatory requirements while catering to the evolving needs of the market. This effort is part of a broader initiative to align American futures trading practices with global benchmarks, ultimately strengthening protections for market participants.

Coinbase衍生產品已經與行業中的主要利益相關者互動，以確保這些新產品滿足監管要求，同時滿足市場不斷發展的需求。這項努力是將美國期貨交易實踐與全球基準相結合的更廣泛舉措的一部分，最終增強了對市場參與者的保護。

In its announcement, Coinbase specified that the new agreements will offer traders multiple contract size options, catering to diverse trading styles, from micro to macro positions.

Coinbase在公告中指出，新協議將為貿易商提供多種合同規模期權，以迎合從微型到宏觀職位的各種交易方式。

The enterprise-grade trade infrastructure will be provided by a partnership with Nodal Clear, guaranteeing compliance with CFTC regulations for clearing activities.

企業級貿易基礎設施將由與Nodal Clear的合作夥伴關係提供，並保證遵守CFTC法規清算活動。

Coinbase stated that this collaboration ensures participants can seamlessly enter the market from the first day of live trading, promising increased efficiency in operations.

Coinbase表示，這種合作確保參與者可以從實時交易的第一天開始無縫進入市場，並有望提高運營效率。

Coinbase is also planning to introduce a perpetual-style futures contract, further expanding the options available for cryptocurrency exposure management.

Coinbase還計劃引入永久性期貨合約，進一步擴大可用於加密貨幣暴露管理的選項。

Designed with extended time horizons for expiration, this contract aims to overcome the limitations of time-bound instruments and create new avenues for traders to engage with crypto markets.

該合同旨在克服時間限制工具的局限性，並為貿易商創造新的途徑，以使交易者與加密貨幣市場互動。

The addition of this supplementary product is expected to help close the parity gaps that traders in America have historically faced compared to their counterparts in other parts of the world, ultimately enhancing the competitiveness of the U.S. market.

與世界其他地區相比，這種補充產品的增加有望有助於縮小美國交易者歷史上面臨的均等差距，最終增強了美國市場的競爭力。

Coinbase is optimistic that the emerging trading ecosystem will foster greater market transparency and operational excellence.

Coinbase樂觀，認為新興的交易生態系統將促進更高的市場透明度和卓越運營。

By delivering continuously available instruments tailored to diverse investor subtypes, Coinbase Derivatives is setting a new standard in America’s cryptocurrency futures sector.

通過提供針對多元化投資者亞型的連續可用工具，Coinbase衍生產品正在為美國加密貨幣期貨領域樹立新標準。

The deliberate and measured implementation of these new offerings showcases the improvements in U.S. regulatory frameworks and the responsiveness of institutions to market trends.

這些新產品的故意和衡量實施展示了美國監管框架的改進以及機構對市場趨勢的響應能力。

This initiative exemplifies a delicate balance between pioneering advancements and the paramountcy of participant safeguards in a rapidly transforming sector. Coinbase believes this undertaking marks a transformative milestone for cryptocurrency investors in the U.S.

這項倡議體現了迅速轉化的部門的開拓性進步與參與者保障措施的最高成績之間的微妙平衡。 Coinbase認為，這是美國加密貨幣投資者的變革性里程碑