共同首次公开全天候比特币和以太坊期货合约

这些创新的仪器将连续运行，反映出加密货币点市场的不间断动态。

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是在美国商品期货交易委员会（CFTC）主持下运营的期货交易所，正准备启动就职典礼的全天候比特币和以太期货合约。

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

这一发展将使美国交易者整夜不断获得风险管理工具和市场参与。

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.

这些仪器将以24/7格式进行交易，以加密货币现货市场的不间断动态进行建模。它们标志着传统交易时间和标准期货合约的固定到期时间表。

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.

这项创新将使个人和机构投资者能够对市场转变进行无缝调整，这是Coinbase表示旨在提高整体市场流动性的一种策略。

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期货的举动直接回应了美国加密货币交易者发现的重大需求。

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衍生产品已经与行业中的主要利益相关者互动，以确保这些新产品满足监管要求，同时满足市场不断发展的需求。这项努力是将美国期货交易实践与全球基准相结合的更广泛举措的一部分，最终增强了对市场参与者的保护。

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，新协议将为贸易商提供多种合同规模期权，以迎合从微型到宏观职位的各种交易方式。

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

企业级贸易基础设施将由与Nodal Clear的合作伙伴关系提供，并保证遵守CFTC法规清算活动。

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，这种合作确保参与者可以从实时交易的第一天开始无缝进入市场，并有望提高运营效率。

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

Coinbase还计划引入永久性期货合约，进一步扩大可用于加密货币暴露管理的选项。

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.

该合同旨在克服时间限制工具的局限性，并为贸易商创造新的途径，以使交易者与加密货币市场互动。

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.

与世界其他地区相比，这种补充产品的增加有望有助于缩小美国交易者历史上面临的均等差距，最终增强了美国市场的竞争力。

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

Coinbase乐观，认为新兴的交易生态系统将促进更高的市场透明度和卓越运营。

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

通过提供针对多元化投资者亚型的连续可用工具，Coinbase衍生产品正在为美国加密货币期货领域树立新标准。

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.

这些新产品的故意和衡量实施展示了美国监管框架的改进以及机构对市场趋势的响应能力。

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.

这项倡议体现了迅速转化的部门的开拓性进步与参与者保障措施的最高成绩之间的微妙平衡。 Coinbase认为，这是美国加密货币投资者的变革性里程碑