Ah, the U.S. Commodity Futures Trading Commission (CFTC) has decided to plunge headfirst into the swirling, chaotic world of round-the-clock trading for crypto derivatives. But, naturally, they’re only focusing on crypto—because who needs boring old traditional commodities, right?
In a stunningly pragmatic move, Acting CFTC Commissioner Caroline Pham declared that 24/7 trading would allow market participants to react instantly to those pesky weekend surprises. Apparently, the real danger is the wild, untamed weekends where risk managers must either act quickly or face a financial apocalypse. Because what else could be more unpredictable than the weekend? A meteor strike? A time warp? Probably both, if we’re being honest.
Meanwhile, Coinbase Derivatives, with all the finesse of a caffeinated squirrel, has launched 24/7 Bitcoin futures. And lo and behold, it’s already buzzing with activity. Weekends are now no different than weekdays, with over 1,000 traders and hundreds of thousands of contracts being traded. It’s almost as if people actually want to trade crypto non-stop—who could have guessed?
The CFTC, ever the optimists, is also contemplating using tokenized assets and stablecoins as collateral, which is a lovely idea to help reduce credit risk in this thrilling non-stop trading extravaganza. Risk managers everywhere are undoubtedly rejoicing at the thought of having more toys to play with while managing chaos.
As if things weren’t complicated enough, Pham also mentioned the rather perplexing issue of perpetual futures—those quirky crypto derivatives that don’t know when to quit. Apparently, they’re already being traded in the U.S., with Bitnomial introducing Bitcoin perpetual futures in April 2025, because why not? Time is a flat circle anyway.
Some brave souls in the industry are calling for more perpetuals, this time under U.S. regulations, to cut costs and make everything more efficient. Others, perhaps more sane, worry that these products are better suited for crypto than, say, actual physical commodities, given their inherent risks and refusal to follow traditional price patterns. But hey, who needs traditional when you’ve got perpetual chaos?
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2025-06-06 23:20