CFTC dey warn say 24/7 derivatives trading fit bring risk for traditional markets

Di U.S. CFTC don release new advisory wey talk say 24/7 derivatives trading and clearing fit work for crypto, but e fit spoil tradicional financial markets if dem apply am sotey everywhere. Di regulator main point na market structure. Unlike crypto wey dey trade steady across timezones, plenty traditional markets depend on fixed hours to gather liquidity and make price discovery orderly. CFTC warn say if dem shift to 24/7 derivatives trading without proper design e fit make off-peak liquidity thin, raise intraday volatility, widen bid-ask spreads, and increase manipulation risk—especially for less liquid products. For crypto, na no be ban. CFTC talk say blockchain-based assets fit support round-the-clock operation because participants dey all over di world and crypto-native infrastructure dey (e.g., crypto collateral and stablecoins). But dem stress say make dem evaluate market by market instead of assume say one way fit work everywhere. Separately, Coinbase talk say CFTC approval allow regulated affiliate add crypto perpetual futures and global options to im regulated platform, so dem expand beyond the current 24-hour offerings. Meanwhile, CFTC and Gemini ask Manhattan court make e vacate $5 million settlement order wey concern Gemini’s proposed Bitcoin futures contract. Trading takeaway: people fit still dey expect more 24/7 derivatives trading for regulated crypto venues, but regulators likely go dey scrutinize liquidity risk and surveillance controls for any extended-hours rollout outside crypto.