The U.S. Commodity Futures Trading Commission (CFTC) issued landmark approvals allowing native crypto platforms to offer perpetual futures contracts. However, in a simultaneous advisory, the agency cautioned that round-the-clock trading may not be suitable for all asset classes. The CFTC noted that while blockchain technology and decentralized infrastructure enable 24/7 markets, traditional derivatives markets—especially agricultural products—have unique customer bases and regional characteristics that make extended hours inappropriate. The agency highlighted risks such as reduced liquidity, increased volatility, and greater opportunities for market manipulation during off-peak hours. Platforms are urged to implement additional compliance measures and communicate their plans to the CFTC. The advisory reflects a growing divide between traditional firms and crypto-native entrants, as CFTC Chairman Mike Selig prioritizes embracing new technologies. Coinbase, a CFTC-regulated crypto firm, announced it now offers 24/7 trading for equities, futures, and prediction markets, including the newly approved perpetuals.

Key facts

• CFTC approves crypto perpetual futures contracts for native platforms.
• Advisory warns 24/7 trading may not suit all asset classes, especially agricultural.
• Risks include reduced liquidity, increased volatility, and market manipulation.
• Platforms must implement extra compliance measures for expanded hours.
• Coinbase now offers 24/7 trading for equities, futures, and prediction markets.

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