Odaily Planet Daily News reports that according to crypto journalist Eleanor Terrett, acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham stated that all public consultation proposals received by the agency regarding 24/7 derivatives and perpetual contracts involve only crypto asset products, with no traditional commodities involved. In a speech this week, Pham pointed out that the CFTC sees potential benefits in round-the-clock trading, including the ability to respond in real time to weekend events, which is significant for risk managers. She cited Coinbase Derivatives' recent launch of 24/7 Bitcoin futures as an example, noting that weekend trading volumes have matched those of active weekdays. Notably, the CFTC is also considering using tokenized assets and stablecoins as collateral to address credit risk issues in 24/7 markets. Regarding perpetual contracts, the CFTC confirmed that they are already trading in the U.S. market, with Bitnomial having launched Bitcoin perpetual futures in April. Some commentators hope for more crypto perpetual contracts to operate under U.S. regulation, citing higher efficiency and lower costs; however, others warn that due to lack of convergence and additional risks, these contracts may not be suitable for physical commodities.

Odaily Planet Daily reports that according to crypto journalist Eleanor Terrett, Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, stated that all public consultation proposals received by the agency regarding 24/7 derivatives and perpetual contract trading pertain solely to crypto asset products, with no involvement of traditional commodities. In a speech this week, Pham pointed out that the CFTC sees potential benefits in around-the-clock trading, including the ability to respond in real-time to unexpected events over weekends, which is significant for risk managers. She cited Coinbase Derivatives' recent launch of 24/7 Bitcoin futures as an example, noting that weekend trading volumes have matched those of active weekdays. Notably, the CFTC is also considering tokenized assets and stablecoins as collateral to address credit risk issues in 24/7 markets. Regarding perpetual contracts, the CFTC confirmed their trading in the U.S. market, with Bitnomial launching Bitcoin perpetual futures in April. Some commentators hope more crypto perpetual contracts will operate under U.S. regulation, citing higher efficiency and lower costs; however, others warn that due to lack of convergence and additional risks, these contracts may not be suitable for physical commodities.

U.S. CFTC Acting Chairman: 24/7 Derivatives Trading Proposal Limited to Crypto Assets