Coinbase推出了有史以来第一个全天候24/7比特币（BTC）和以太坊（ETH）期货交易

Coinbase将在美国商品期货交易委员会（CFTC）规定下启动第一个全天候24/7比特币（BTC）和以太坊（ETH）期货交易。

Coinbase is set to launch the first-ever 24/7 Bitcoin (BTC) and Ethereum (ETH) futures trading in the U.S., fully compliant with Commodity Futures Trading Commission (CFTC) regulations. This move eliminates the limitations of fixed trading hours and aligns the U.S. crypto derivatives market with global standards.

Coinbase将在美国启动第一个全天候24/7比特币（BTC）和以太坊（ETH）期货交易，完全符合商品期货交易委员会（CFTC）法规。此举消除了固定交易小时的局限性，并使美国加密衍生品市场与全球标准保持一致。

For years, U.S. crypto traders have faced the limitation of futures markets closing for weekends and holidays, unlike traditional stock markets which have shifted to continuous trading. However, cryptocurrencies operate 24/7, and futures trading in the U.S. has remained bound by legacy financial structures.

多年来，美国加密货币交易者面临着周末和假期期货市场关闭的局限性，这与传统股票市场转变为连续交易。但是，加密货币运行24/7，美国的期货交易仍受到旧金属金融结构的约束。

Coinbase Derivatives is changing this by offering futures contracts that will trade around the clock, allowing traders to react instantly to market movements and manage risk in real-time, the company announced on Monday.

该公司周一宣布，Coinbase衍生产品正在通过提供将全天候交易的期货合约来改变这一问题，从而使交易者能够立即做出反应，以实时对市场变动并管理风险。

Moreover, Coinbase is introducing a perpetual-style futures contract. Unlike traditional futures contracts, which have fixed expiration dates, perpetual contracts allow traders to keep positions open indefinitely, fostering greater flexibility and liquidity.

此外，Coinbase正在引入永久性期货合约。与有固定到期日期的传统期货合约不同，永久合同使交易者可以无限期地保持头寸开放，从而促进更大的灵活性和流动性。

“Crypto markets never sleep, and traders need the ability to manage risk and seize opportunities in real-time,” said Greg Tusar, Coinbase’s Vice President of Institutional Products.

Coinbase机构产品副总裁Greg Tusar说：“加密市场永远不会入睡，交易者需要实时管理风险和抓住机会的能力。”

“By introducing 24/7 futures and developing a perpetual-style contract, we’re bringing U.S.-regulated markets in line with the global crypto economy.”

“通过引入24/7期货并建立永久风格的合同，我们将使美国受监管的市场符合全球加密经济。”

The crypto derivatives market currently accounts for approximately 75% of all crypto trading volume and is projected to grow from $1.5 billion in 2024 to $5 billion by 2032.

目前，加密衍生品市场约占所有加密交易量的75％，预计将从2024年的15亿美元增长到2032年的50亿美元。

Until now, most of this activity has been concentrated on offshore platforms like Binance, which offer perpetual futures not covered by U.S. regulations.

到目前为止，这项活动的大部分都集中在诸如Binance之类的离岸平台上，这些平台提供了美国法规未涵盖的永久期货。

Coinbase’s move to bring continuous, regulated futures trading to the U.S. presents a compliant alternative for traders seeking reliability and regulatory oversight.

Coinbase向美国带来持续的，受监管的期货交易的举动为寻求可靠性和监管监督的交易者提供了合规的替代方案。

Recent events have highlighted the drawbacks of fixed trading hours. When former U.S. President Donald Trump proposed a national crypto reserve on a Sunday, crypto traders could react immediately.

最近的事件强调了固定交易小时的缺点。当美国前总统唐纳德·特朗普（Donald Trump）在周日提议国家加密保护区时，加密货币交易者可以立即做出反应。

However, traditional market participants had to wait until Monday to respond, highlighting the inefficiencies in legacy financial markets.

但是，传统的市场参与者必须等到星期一做出回应，并强调了旧金属金融市场的效率低下。

Additionally, the Taiwan Stock Exchange saw a significant increase in trading volume after transitioning to continuous trading, showcasing the potential benefits of always-on market structures.

此外，台湾证券交易所在过渡到连续交易后的交易量显着增加，展示了始终在市场结构的潜在收益。

Coinbase’s introduction of 24/7 regulated futures trading marks a pivotal moment for the crypto industry as it removes time restrictions and aligns with international markets.

Coinbase介绍24/7受监管的期货交易标志着加密行业的关键时刻，因为它消除了时间限制并与国际市场保持一致。

The company is setting the stage for the future of crypto derivatives in the U.S., offering an avenue for broader adoption of continuous trading models in traditional financial markets and bridging the gap between crypto and legacy systems.

该公司正在为美国加密衍生品的未来奠定基础，为在传统金融市场中更广泛采用连续交易模型提供了途径，并弥合了加密系统与传统系统之间的差距。