Coinbase衍生产品推出了第一个由CFTC调节的24/7比特币[BTC]和以太坊[ETH]期货交易

市场永远不会入睡 - 为什么交易者？交易者将不再受传统市场小时的限制，从而可以对价格变动进行实时响应。

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将在美国引入第一个由CFTC调节的24/7比特币[BTC]和以太坊[ETH]期货交易。此举标志着美国加密衍生物的重大转变，与不断运作的全球市场保持一致。

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.

随着传统金融市场朝着持续交易的发展，纳斯达克宣布了计划在2026年到2026年引入24小时股票交易，以响应对始终开展市场需求的增长。

“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.”

“我们很高兴分享纳斯达克已经开始与监管机构，市场参与者和其他主要利益相关者互动，并观察纳斯达克股票市场每周五天进行24小时交易。”

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.

随之而来的是，Robinhood CEO Vlad Tenev强调了区块链技术如何实现无缝，全天候交易。这与依赖设定交易窗口的旧财务基础设施相反。

“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.”

“传统的基础设施24/7将很艰难，但是如果我们考虑令牌化，那是优势之一……区块链运行24/7，这只是软件。”

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

根据Coinbase机构产品副总裁Greg Tusar的说法，Coinbase的举动是应对加密货币贸易商的强劲需求。

“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.”

“加密市场永远不会入睡，交易者需要实时管理风险并抓住机会的能力。通过引入24/7期货并建立了永久风格的合同，我们将与全球加密经济保持一致。”

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.

朝着24/7交易的推动已经证明了某些全球市场的收益。例如，台湾证券交易所在引入更连续的交易课程后增加了交易量。

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.

加密衍生品市场约占总加密货币交易量的75％，有望实现显着增长，从2024年的15亿美元扩大到到2032年的50亿美元。

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.

从历史上看，这项交易活动的很大一部分是在诸如Binance之类的平台上进行的，这些平台提供了永恒的期货和24/7的交易，超出了美国监管机构的范围。

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.

随着Coinbase在CFTC调节的框架内启动连续期货，美国的交易者现在将拥有合规的选项。

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时的局限性。当唐纳德·特朗普（Donald Trump）在周日宣布拟议的美国加密储备储备时，加密货币交易者能够立即做出反应，而传统市场参与者必须等到星期一。

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

这种延迟强调了数字优先时代的传统市场结构的相对效率低下。