Coinbase衍生產品推出了第一個由CFTC調節的24/7比特幣[BTC]和以太坊[ETH]期貨交易

市場永遠不會入睡 - 為什麼交易者？交易者將不再受傳統市場小時的限制，從而可以對價格變動進行實時響應。

Coinbase is set to introduce the first CFTC-regulated 24/7 Bitcoin [BTC] and Ethereum [ETH] futures trading in the United States. The move marks a significant shift in U.S crypto derivatives, aligning with global markets that operate continuously.

Coinbase將在美國引入第一個由CFTC調節的24/7比特幣[BTC]和以太坊[ETH]期貨交易。此舉標誌著美國加密衍生物的重大轉變，與不斷運作的全球市場保持一致。

As tradition financial markets set move towards continuous trading, Nasdaq has announced plans to introduce 24-hour stock trading by 2026 in response to growing demand for always-on markets.

隨著傳統金融市場朝著持續交易的發展，納斯達克宣布了計劃在2026年到2026年引入24小時股票交易，以響應對始終開展市場需求的增長。

“We are excited to share that Nasdaq has begun engaging with regulators, market participants and other key stakeholders, with a view of enabling 24-hour trading five days a week on the Nasdaq Stock Market.”

“我們很高興分享納斯達克已經開始與監管機構，市場參與者和其他主要利益相關者互動，並觀察納斯達克股票市場每週五天進行24小時交易。”

Along with that, Robinhood CEO Vlad Tenev has highlighted how blockchain technology enables seamless, round-the-clock trading. This, in contrast with legacy financial infrastructure that relies on set trading windows.

隨之而來的是，Robinhood CEO Vlad Tenev強調了區塊鏈技術如何實現無縫，全天候交易。這與依賴設定交易窗口的舊財務基礎設施相反。

“24/7 is going to be tough with traditional infrastructure, but if we think about tokenization, that’s one of the advantages… blockchains run 24/7—it’s just software.”

“傳統基礎架構24/7將很艱難，但是如果我們考慮令牌化，那是優勢之一……區塊鏈運行24/7，這只是軟件。”

Coinbase’s move comes in response to strong demand from crypto-native traders, according to Greg Tusar, Coinbase’s VP of Institutional Product.

根據Coinbase機構產品副總裁Greg Tusar的說法，Coinbase的舉動是應對加密貨幣貿易商的強勁需求。

“Crypto markets never sleep, and traders need the ability to manage risk and seize opportunities in real time. By introducing 24/7 futures and developing a perpetual-style contract, we’re bringing US-regulated markets in line with the global crypto economy.”

“加密市場永遠不會入睡，交易者需要實時管理風險並抓住機會的能力。通過引入24/7期貨並建立了永久風格的合同，我們將與全球加密經濟保持一致。”

The push towards 24/7 trading has already demonstrated benefits in some global markets. For instance, the Taiwan Stock Exchange saw trading volumes increase after introducing more continuous trading sessions.

朝著24/7交易的推動已經證明了某些全球市場的收益。例如，台灣證券交易所在引入更連續的交易課程後增加了交易量。

The crypto derivatives market, which comprises about 75% of total crypto trading volume, is poised for significant growth, expanding from $1.5 billion in 2024 to $5 billion by 2032.

加密衍生品市場約佔總加密貨幣交易量的75％，有望實現顯著增長，從2024年的15億美元擴大到到2032年的50億美元。

Historically, a large portion of this trading activity has taken place offshore, on platforms such as Binance, which offer perpetual futures and 24/7 trading beyond the scope of U.S. regulators.

從歷史上看，這項交易活動的很大一部分是在諸如Binance之類的平台上進行的，這些平台提供了永恆的期貨和24/7的交易，超出了美國監管機構的範圍。

With Coinbase launching continuous futures within a CFTC-regulated framework, traders based in the U.S will now have a compliant option available to them.

隨著Coinbase在CFTC調節的框架內啟動連續期貨，美國的交易者現在將擁有合規的選項。

Recent events have highlighted the limitations of fixed hours. When Donald Trump announced a proposed U.S Crypto Reserve on a Sunday, crypto traders were able to react instantly, while traditional market participants had to wait until Monday.

最近的事件突出了固定小時的局限性。當唐納德·特朗普（Donald Trump）在周日宣布擬議的美國加密儲備儲備時，加密貨幣交易者能夠立即做出反應，而傳統市場參與者必須等到星期一。

This delay underscores the relative inefficiencies of legacy market structures in a digital-first era.

這種延遲強調了數字優先時代的傳統市場結構的相對效率低下。